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Samsung to acquire CSR’s handset connectivity & location development business

Wireless technology business CSR plc - previously known as Cambridge Silicon Radio - has announced a deal to transfer its handset connectivity and location operations to Samsung Electronics for $310 million.

In addition, Samsung is investing $34.4 million for a 4.9% investment in CSR. Over 300 staff will be transferred from CSR plc to Samsung as part of the deal.

Author: The Fonecast
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