cash thumb1 Apple buys more shares in Imagination Technologies

Apple is pushing its stake higher in Imagination Technologies as it bought 2.2 million more shares. The shares were brought for $2.35 a share, meaning that Apple spend close to $5.17 Million. Intel made similar moves earlier as it bought around 5 million shares, pushing its stake in shares to 13%. While this would simply mean like a usual move but reports state that this happened because a Saudi group Saad had to lessen its  stake in the chipmaker as its accounts were frozen by the Saudi Central Bank.