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January 16, 2007
CSR Gives Euro VCs Exits
Just like France's Thomson gave several European VCs an exit on their investments in Cirpack and Inventel in the recent past, another local market leader, Cambridge Silicon Radio (CSR), is giving VCs an exit with its two latest acquisitions.
The UK-based Bluetooth chipmaker said Monday it bought NordNav Technologies AB and the assets of Cambridge Positioning Systems Ltd. for up to $110M (or about €85.1 million), both were venture-backed. The acquisitions enabled it to put out some industry buzz about being able to put GPS and positioning support in mobilephones at targeted price of $1.
CSR will pay a maximum of $75M for NordNav, depending on financial milestones. We don't have any further information on the returns these deals brought the VCs, although we are trying to find out.
Read- CSR pays $75 million to add GPS capability to Bluetooth (eetimes)
Read - CSR said it bought NordNav and assets of Cambridge Positioning for US$110 million (iht)
Posted on January 16, 2007 07:57 AM | Posted to News And Updates | Semiconductors | Permalink
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