Deals
MIPS Is Said to Have Hired Goldman Sachs to Help Find a B
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MIPS Technologies Inc., the struggling designer of processors for communications systems and consumer electronics, is looking for a buyer, according to people with knowledge of the decision.
The Sunnyvale, California-based company hired Goldman Sachs Group Inc. to identify and negotiate with possible acquirers, said the people, who declined to be identified because the plan hasn’t been made public. The shares jumped 26 percent to $6.58 at yesterday’s close in New York.