http://www.wirelessweek.com/news/2015/08/qualcomm-announces-completion-csr-acquisition
Qualcomm Global Trading Pte. Ltd, a subsidiary of Qualcomm Incorporated, completed its $2.4 billion acquisition of CSR plc Thursday.
The acquisition of the semiconductor and software solutions provider includes CSR’s engineering, research and development subsidiary Cambridge Silicon Radio Limited, which will become a subsidiary of Qualcomm Technologies under the name Qualcomm Technologies International, Ltd.
According to Qualcomm Incorporated CEO Steve Mollenkopf, the addition of CSR pads Qualcomm’s portfolio with a bevvy of new products, sales channels and IoE and automotive customers that will be valuable to the company’s future growth prospects.
"CSR's complementary strengths in connectivity, audio technologies and systems-on-chips will help strengthen Qualcomm Technologies' position in the IoE and automotive industries, and add to a broad and highly advanced portfolio," Mollenkopf said. "As we strive to connect billions more devices, automobiles and people within the Internet of Everything, we are enthusiastic about the growth that this combination will foster."
Though the accounting for the transaction has yet to be finalized, Qualcomm has estimated that on a non-GAAP basis the acquisition will yield modest gains to the earnings per share in fiscal year 2016 as stated in previous guidance.
The transaction is expected to be “modestly dilutive” to GAAP earnings for fiscal year 2016.
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