British chip maker CSR will acquire Zoran (ZRAN), a maker of technology for digital photography...

|About: Zoran Corporation (ZRAN)|By:, SA News Editor

British chip maker CSR will acquire Zoran (ZRAN), a maker of technology for digital photography and video, for $679M in stock. CSR will issue 1.85 new shares for each Zoran share, a premium of about 40% to Zoran’s Friday closing price of $9.32/share. (PR)