29 Aug '14, 3pm

Microchip in Pursuit of CSR | EE Times via @eetimes

TAIPEI — It’s official. Microchip Technology CEO Steve Sanghi, once known as a skeptic on the Internet of Things, wants to join the parade big time, as it pursues the UK-based leading Bluetooth chip vendor CSR as a potential acquisition target. Microchip confirmed Thursday that it has had “preliminary mutual discussions with CSR.” The US firm released the statement, several hours after CSR made it publicly known that it has rejected Microchip’s preliminary offer. In the statement , Microchip stressed that “the discussions between the parties are at a very preliminary stage.” The company cautioned that “there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made, or that any other type of transaction will be entered into with CSR or as to the terms, structure or form of any such transaction.” Meanwhile, CSR said that the undisc...

Full article: http://www.eetimes.com/document.asp?doc_id=1323699

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