Samsung Lays Out $310m For CSR?s Mobile Business, And Crucially, Its IP

Samsung has acquired the mobile business of British chipmaker CSR for $310 million. CSR, a public company, has been hit by the falling fortunes of its customers such as Research in Motion and Nokia, with its share price dropping by as much as 50 percent in the past couple of years. There also appears to be a global patent play here for Samsung in its ongoing fight with rivals such as Apple. CSR could prove a useful arrow in Samsung's quiver. Samsung is also purchasing a 4.9 percent stake of the main CSR company itself for another $35 million, which secures its access to CSR?s IP and its ownership of 21 U.S. patents in mobile technology.

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