Samsung buys British chip firm CSR for $310mln

Samsung buys British chip firm CSR for $310mln

PanARMENIAN.Net - British chip firm CSR has sold its mobile phone connectivity and location technology to Samsung for $310 million in cash in a deal that boosts the South Korean company's patent portfolio, Reuters reported.

Samsung will also invest $34.4 million in buying a 4.9 percent stake in CSR at a price of 223 pence a share, CSR said in a statement on Tuesday, July 17.

CSR said the deal would enable it to focus on developing and selling chips in voice and music, automotive, indoor location, imagining and bluetooth.

 Top stories
Previously, when the Verify Apps service was enabled, only apps from third-party app stores were scanned, and only upon installation.
The device is built for the upcoming Windows Phone 8.1 and features a 5-inch display, wireless charging and a 20MP camera.
“Law enforcement has to respond to modus operandi that are changing and developing on a daily basis,” Steven David Brown said.
All those who ordered the phone during these 10 days will be gifted branded S View Covers by Samsung Armenia.
Partner news