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Csr Regulatory News (CSR)



Regulatory News for Csr (CSR)


Share Price: 562.50Bid: 560.50Ask: 561.50Change: 1.50 (+0.27%)Riser - Csr
Spread: 1.00Spread as %: 0.18%Open: 566.00High: 566.00Low: 558.50Yesterday’s Close: 561.00





Acquisition of Assets

Wed, 6th Jun 2012 14:51

RNS Number : 8184E
CSR plc
06 June 2012
 

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London, 6 June 2012

CSR plc

 

Acquisition of Assets

Class 3 Transaction

CSR plc ("CSR": LSE: CSR.L or the "Company") today announces that it has acquired from Trident Microsystems, Inc. ("Trident": NASDAQ: TRID) Trident's MAP-Xtm audio product line (the "MAP-X Business") for a cash consideration of approximately one million dollars together with the assumption of certain liabilities. 

As part of the acquisition, the Company has acquired certain IP-related assets such as patent and technology licences, and trademark rights related to the MAP-X Business and a number of employees that support the MAP-X Business from Trident's subsidiaries in Taiwan and Germany.

The MAP-X processor delivers HD audio decoding and internet audio streaming for next-generation home audio, audio-video receivers and soundbars. The acquisition complements and strengthens the Company's current capabilities in its Voice & Music business line.

Enquiries:

CSR plc


FTI Consulting

Joep van Beurden, Chief Executive Officer


James Melville-Ross

Will Gardiner, Chief Financial Officer


Jon Snowball

Jeffery Torrance, Investor Relations Director


Tel: +44 (0) 20 7831 3113

Paul Sharma, Investor Relations Manager



Tel: +44 (0) 1223 692 000



 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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