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

LONDON (Reuters) – U.S. Qualcomm Inc agreed to buy CSR Plc for $2.5 billion (1.57 billion pound), offering what it hopes is a knock-out blow to win the British Bluetooth specialist which is growing in areas like automotive and wearable devices.

Qualcomm, the world’s number one mobile chipmaker, has agreed to pay 900 pence a share in cash for CSR, a 56.5 percent premium on the share price before the start of the offer period in August, CSR said on Wednesday.

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