US chipmaker Qualcomm hopes for knock-out blow with US$2.5bil CSR bid

BIG BUY: US Qualcomm Inc agreed to buy CSR Plc for US$2.5bil (RM8.24bil), offering what it hopes is a knock-out blow to win the British Bluetooth specialist. — Reuters

LONDON/FRANKFURT: US Qualcomm Inc agreed to buy CSR Plc for US$2.5bil (RM8.24bil), offering what it hopes is a knock-out blow to win the British Bluetooth specialist which is growing in areas like automotive and wearable devices. 

Qualcomm, the world's number one mobile chipmaker, has agreed to pay £9 (RM47.45) a share in cash for CSR, a 56.5% premium on the share price before the start of the offer period in August, CSR said on Wednesday.