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Samsung boosts its patent portfolio

Technology

London - British chip firm CSR has sold its mobile phone connectivity and location technology to Samsung for $310 million in cash in a deal that boosts the South Korean company's patent portfolio.

Samsung will also invest $34.4 million in buying a 4.9 percent stake in CSR at a price of 223 pence a share, CSR said in a statement on Tuesday.

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Samsung did not provide net income or details of division earnings ahead of the official earnings report to be filed later this month.

CSR said the deal would enable it to focus on developing and selling chips in voice and music, automotive, indoor location, imagining and bluetooth. - Reuters

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