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CSR shareholders back Qualcomm takeover

CSR shareholders overwhelmingly back $2.5bn Qualcomm takeover

Qualcomm announced their intention to acquire CSR back in October. With no rival bidders coming forward, CSR’s shareholders have now voted overwhelmingly in favour of accepting Qualcomm’s offer. The two companies will now move ahead with the formalities of the acquisition, which they expect to be complete by the summer.

CSR said that 98.6% of their shareholders voted on the takeover, with 95.2% of those votes being in favour of the acquisition.

For our thoughts on the acquisition, see here.