Samsung today confirmed to buy UK-based CSR mobile connectivity and location technology along with transfer of certain relevant patents and over 300 employees. Samsung will acquire these assets for a cash consideration of $310 million and will invest $34 million in CSR’s equity stake, representing about 4.9 percent share.
Samsung will gain rights to CSR’s IP related to Bluetooth, Wi-Fi and GPS tech that will be leveraged in Samsung’s Exynos AP platform.
The deal is expected to close by Q4 2012 and will function as a multi-site R&D centre for connectivity and location products development.
This strategic partnership combines Samsung’s world-class semiconductor technology with CSR’s cutting edge wireless connectivity and location expertise. By leveraging CSR’s R&D capability, Samsung will strengthen its application processor platform and solidify its position as a leading semiconductor solutions provider. Samsung’s Exynos processor optimised with these wireless connectivity capabilities will provide our customers with an even broader mobile solution portfolio to expand their business opportunities.