World Economy

Qualcomm to Buy UK Chipmaker

Qualcomm  to Buy  UK ChipmakerQualcomm  to Buy  UK Chipmaker

British chipmaker CSR said Wednesday that it has agreed to a takeover from US giant Qualcomm. The cash offer, pitched at 900 pence per share, values the group at £1.56b ($2.5b), it added in a statement, AFP said. “The board believes this represents a very attractive outcome for CSR shareholders, customers and employees,” said CSR chairman Ron Mackintosh.