(Digital Marketing Agency, restartbox.com)- Dominant mobile chipmaker Qualcomm Inc. has officially come to an agreement with British Bluetooth specialist CSR on a $2.5 billion bid as the US-based company targets at diversifying into the markets for short-range, wireless Bluetooth chips and audio processing used in portable audio, automotive controls and wearable devices.
“Combining CSR’s highly advanced offering of connectivity technologies with a strong track record of success in these areas will unlock new opportunities for growth,” said Qualcomm Chief Executive Steven M. Mollenkopf.
Meanwhile, CSR CEO Joep van Beurden is also pleased with the deal, claiming the two companies are a good combination.
Qualcomm Reaches Agreement with Bluetooth Specialist CSR on $2.5 Billion Bid
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