Samsung secure CSR mobile development takeover
20th July 2012
A raft of private practices have won roles advising on the partial takeover of Cambridge Silicon Radio (CSR) by electronics giant Samsung.
The South Korean business will reportedly be putting $310m (£198m) into their latest acquisition, which will see the mobile technology development arm of the UK-based chipmakers change hands.
Both lawyers with solicitor jobs in London and the United States are leading on the deal, with Samsung set to enjoy a strengthened patent portfolio and increased influence in the highly lucrative smartphone market as a result.
It had already been a busy twelve months for Samsung’s legal representatives even before this transaction was announced, with the manufacturers recently instructing their team to give counsel on the offloading of its hard-disk drive business to Seagate Technology and its purchase of Nanoradio, the Swedish energy-efficient chipset producer.
The law firm in question has now announced plans to relocate the majority or possibly all of its Hong Kong solicitors to the South Korean capital Seoul, perhaps as a reflection of its expanding relationship with Samsung.