Wednesday, October 15, 2014

Qualcomm Buys CSR For $2.5 Billion

San Diego-based Qualcomm said late Tuesday that it has reached an agreement to acquire CSR plc, in a deal worth approximately $2.5 billion. CSR is a developer of Bluetooth and audio processing technologies. According to Qualcomm, CSR will be acquired by its subsidiary, Qualcomm Global Trading Pte. Ltd. Qualcomm said the acquisition will help it in the areas of Internet of Everything (IoE) and automotive infotainment. CSR plc is based in the UK.

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