Qualcomm Acquiring CSR: Building A Connected World
WestEnd511 • Thu, Oct. 16
- QCOM announced the acquisition of CSR for GBP9/share, implying 3x FY15E EV/sale.
- CSR’s connectivity asset is highly attractive to QCOM’s broader growth plan.
- Connected car technology is particularly compelling and could potentially be the next $1b segment for QCOM.