British chipmaker CSR will acquire Zoran (ZRAN +21%), a technology developer for digital...

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

British chipmaker CSR will acquire Zoran (ZRAN +21%), a technology developer for digital photography and video, for a reduced price of $484M ($6.26/share in cash and 0.589 CSR shares) following a deterioration in ZRAN's performance. The original $679M price-tag was before the Japan earthquake, and before Cisco Systems (CSCO) canned the Flip.