Zoran swoop adds to CSR's capabilities

CSR has agreed to buy US-listed Zoran Corporation in a $679 million (£418m) all-share deal that adds imaging and video to the British chipmaker's wi-fi, bluetooth and GPS location technologies.

Joep van Beurden, CSR's chief executive, said the deal would enable the firm to offer more capabilities to consumer electronics companies in an increasingly competitive market. "The combined entity is going to be in a position to be very relevant to camera manufacturers," he said. "The same is true for digital televisions, in cars, in gaming and in handsets."