CSR (CSR.L) has agreed to buy U.S.-listed Zoran Corporation (ZRAN.O) in a $679 million all-share deal that adds imaging and video to the British chipmaker's wi-fi, bluetooth and GPS location technologies. CSR's Chief Executive Joep van Beurden said the deal would enable CSR to offer more capabilities to consumer electronics companies in an increasingly competitive market. "The combined entity is going to be in a position to be very relevant to camera manufacturers," he said in an interview on Monday. "The same is true for digital televisions, in cars, in gaming and in handsets."
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