Qualcomm to make a $2.5B bet on Bluetooth with CSR buy

Gigaom

Qualcomm will buy one of the most venerable British technology companies, the chip design firm CSR, once known as Cambridge Silicon Radio.

[company]CSR[/company] was one of the pioneers in Bluetooth technology, and these days – having sold off its mobile business to Samsung a couple years back – it is again concentrating on the technology, in particular Bluetooth LE/Smart, the low-power variant designed for connecting internet of things devices.

The company recently rejected a takeover bid, rumored to be worth as much as $3 billion, from U.S. firm Microchip, on the basis that the price was insufficient. [company]Qualcomm[/company] said late Tuesday that it will pay around $2.5 billion for CSR, so perhaps those rumors were somewhat overenthusiastic.

Qualcomm said the buy will give it more “products, channels and customers” in the internet of things — an area where it is already intensely active — and in automotive infotainment, another…

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