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Qualcomm Incorporated acquires CSR

Qualcomm

Qualcomm Incorporated has announced that it is all set to acquire CSR plc and will be completing the cash acquisition process. After the acquisition CSR will become an indirect wholly owned subsidiary of Qualcomm. The acquisition of the entire issued and to be issued ordinary share capital of CSR is valued at approximately £1.6 billion ($2.5 billion based upon an exchange rate of USD: GBP 1.6057). This cash offer has been unanimously recommended by the CSR board of directors.

Speaking about the acquisition, Steve Mollenkopf, CEO Qualcomm Incorporated, said “The addition of CSR’s technology leadership in Bluetooth, Bluetooth Smart1 and audio processing will strengthen Qualcomm’s position in providing critical solutions that drive the rapid growth of the Internet of Everything, including business areas such as portable audio, automotive and wearable devices. Combining CSR’s highly advanced offering of connectivity technologies with a strong track record of success in these areas will unlock new opportunities for growth. We look forward to working with the innovative CSR team globally and further strengthening our technology presence in Cambridge and the UK.”

This acquisition by Qualcomm will supplement its current offerings by adding products, channels, and customers in the important growth categories of Internet of Everything (IoE) and automotive infotainment. This new business move will enable Qualcomm in establishing strategic priorities in these rapidly growing business areas.

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Heena Gupta

A reader at heart, this girl loves to express through writing. Her ears perk up as soon as she senses any tech molecule in the air. With the ability to use and navigate typical technologies she becomes a complete tech enthusiast. This post graduate in Mass Communication lives in the world of gadgets. Fiction, history and cartoons keep her busy in the free time. Her urge to grow mixed with excellent writing skills forces us to have her as a part of our workforce.

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