Samsung Completes Transfer of CSR’s Mobile Connectivity and Location Tech

Samsung has confirmed that they’ve successfully closed the deal with CSR for their mobile connectivity and location technology. As per the deal, Samsung will acquire rights of CSR’s intellectual property related to Bluetooth, Wi-Fi and GPS and over 300 CSR employees will join Samsung to work on the development of these technologies. Furthermore, Klaus Buehring, Senior Vice President of Product Development at CSR will join Samsung’s System LSI Business to lead the connectivity product development activities.

Samsung acquired CSR’s assets for a cash consideration of $310 million.