U.S. chipmaker Qualcomm hopes for knock-out blow with $2.5 billion CSR bid

A logo of U.S. chipmaker Qualcomm is seen on the windshield of a car in Beijing

U.S. Qualcomm Inc has agreed to buy CSR Plc for $2.5 billion, a British Bluetooth specialist which is growing in areas like automotive and wearable devices. Although Qualcomm bid seems overwhelming, there is a chance that alternative bidders may emerge. Qualcomm as been looking to expand beyond the phone market into emerging areas such as wireless home appliances and other connected devices, thus acquiring CSR will unlock new opportunities for growth of Qualcomm. Read More>> 

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