Friday, September 30, 2016

Imagination Technologies sells loss-making Pure radio business for £2.6m

Imagination Technologies will sell off its Pure digital radio business for £2.6m as it seeks to move on from record losses announced earlier this year.

Just months after the company posted its biggest loss in its 30-year history, Imagination has agreed to sell Pure to Austrian company AVenture AT, in a bid to reduce its debt.

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