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.
Joep van Beurden, Chief Executive Officer
Will Gardiner, Chief Financial Officer
Jeffery Torrance, Investor Relations Director
Tel: +44 (0) 20 7831 3113
Paul Sharma, Investor Relations Manager
Tel: +44 (0) 1223 692 000
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