Breaking News

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro Sony launches a high-resolution shotgun microphone with superior sound quality and compact design. Arctic announces New Liquid Freezer III Pro 280 and Pro 420 Silicon Power Launches Hypera microSDXC Express Card Samsung announces Watch8, Z Fold7 and Z Flip7

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

CSR PLC to Merge With Zoran

CSR PLC to Merge With Zoran

Enterprise & IT Feb 21,2011 0

CSR PLC and Zoran have entered into a merger agreement under which Zoran will merge with CSR for an equity value equivalent to approximately US$679 million. CSR is a leader in wireless connectivity and location. Zoran provides imaging and video technology for digital camera, home entertainment and multifunction printer products.

The merged company will provide integrated technology that addresses the market for connected, location-aware multimedia devices including handsets, digital cameras and home entertainment equipment. Combining the two technology portfolios is designed to position the merged company to deliver platforms to capture and stream media-rich content. The merger is designed to strengthen CSR's core business by adding imaging and video capabilities within its existing end markets; create new growth opportunities within global consumer markets such as internet enabled, location-aware digital cameras and the next generation of home entertainment products and peripherals; provide a step change in CSR's total scale and addressable market, creating a top 10 fabless semiconductor company; and accelerate CSR?s strategic shift into higher margin platforms and integrated solutions.

Zoran shareholders will receive ADSs representing the equivalent of 1.85 ordinary shares of CSR for each share of Zoran common stock held, which, as at close on 18 February 2011 represents a value of US$13.03 per share of Zoran common stock or a total consideration of approximately US$679 million. In addition, CSR plans to buy back up to US$240 million of CSR's ordinary shares during the next 12 months via an on-market buyback programme.

CSR's Chairman, CEO and CFO will lead the merged company. Dr. Levy Gerzberg, Co-Founder, President, CEO and Director of Zoran will be joining the CSR board as a Non-Executive Director. Zoran will also propose one additional independent Non-Executive Director to join the CSR Board.

Tags: Zoran
Previous Post
Samsung Launches New 2011 NX Series Lens Line Up
Next Post
Panasonic Introduces New portable TVs

Related Posts

  • Zoran and Software Imaging Launch New Universal Driverless Printing Solution for Smartphones and Tablets

  • Zoran Demonstrates New 3D, IPTV and Blu-Ray Technologies at IFA 2010

  • Zoran Licenses RealD 3D Format

  • Zoran Ships New HDTV Processor

  • Zoran Demonstrates Integrated HDTV 1080P Processor With HDMI 1.3

  • Zoran Demonstrates APPROACH Multimedia Processor Platform

  • Zoran Demonstrates Second Generation HDXtreme 2 DVD Upconverter with Integrated 1080p HDMI At CES 2007

  • Zoran to Power First Digital Camera with HDMI

Latest News

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro
PC components

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.
Cameras

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.

Arctic announces New Liquid Freezer III Pro 280 and Pro 420
Cooling Systems

Arctic announces New Liquid Freezer III Pro 280 and Pro 420

Silicon Power Launches Hypera microSDXC Express Card
Cameras

Silicon Power Launches Hypera microSDXC Express Card

Samsung announces Watch8, Z Fold7 and Z Flip7
Smartphones

Samsung announces Watch8, Z Fold7 and Z Flip7

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed