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Nokia Purchases Navteq
Navteq is one of the big two digital mapmakers out there (the other Nokia, the world’s largest cellphone maker, said it will acquire Navteq for $78 a share, which is only 3 cents above Navteq’s closing share price on Friday. But Navteq’s stock has risen sharply in recent weeks amid rumors that it was a takeover target.Once rumor became reality, investors seemed a bit disappointed.
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TomTom to buy Mapmaker Tele Atlas, NavTeq in Play?
Let me start by saying that I have Dutch navigation systems company TomTom plans to buy its main map supplier, Tele Atlas, for 1.8 billion euros ($2.5 billion), hoping tight integration of maps and products will give it an edge over competitors.
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