British chipmaker CSR (CSR.L) has agreed to buy U.S.-listed Zoran Corporation (ZRAN.O) in an all-share deal to add imaging and video to its wi-fi, bluetooth and GPS location technologies. CSR's Chief Executive Joep van Beurden said the $679 million deal would enable CSR to target the growing number of devices that combine imaging and video with wireless and location services. "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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