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CSR gobbles up GPS chipmaker SiRF

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Well, it looks like a few pesky patent issues weren't enough to keep CSR, mostly known for its Bluetooth chips, from snapping up omnipresent GPS chipmaker SiRF, with the two companies today announcing that they're set to fully combine their companies into one giant chipmaking operation. Under the all-share transaction valued at some $132.7 million, SiRF shareholders will get 27 percent of the newly formed company, to be known as CSR, while two SiRF directors will also get seats on the CSR board. Any further details are a bit hard to come by but, as CNET's Business Tech points out, CSR has increasingly been focusing on all-in-one solutions combining Bluetooth, WiFi, and whatnot, so it would stand to reason that SiRF's GPS know-how could be added to the mix.

In this article: acquisition, csr, gps, merger, sirf
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