CNN Money
reports that both pending acquisitions of Tele Atlas and NAVTEQ have "lost their bearings." NAVTEQ's stock is trading almost $10 below the $78 per share offer from Nokia.
Yesterday was the deadline for TomTom to respond to EU questions about the acquisition. What did the EU ask?
Whether:
(1) TomTom and Tele Atlas would keep sensitive information from rival GPS customers confidential,
(2) Tele Atlas would provide TomTom competitors inferior maps,
(3) the combination created efficiencies otherwise unattainable.
The article goes on to note that what happens with TomTom/TA will likely impact Nokia/NAVTEQ and that the drop in stock prices suggests Wall Street is wary.
Comments
October 12
Once raw samples are formally available [...]
siva about Flash in Local Gov Websites
October 10
What would be very useful is to have a [...]
Bob Thompson about Update: Siderelis Named first DOI GIO
October 10
Ho hum.
Karen Edelstein about IDC Pegs SIM Market Growth at 14.2%
October 10
Could someone explain how the $2.8 [...]
Sam the Eagle about Update: Siderelis Named first DOI GIO
October 10
In relation to Siderelis' direct [...]
Seth Grimes about Structured vs. Unstructured Data - Let's be clear on definitions
October 10
I don't see a definition of [...]
Roy about "First" Directions App for iPhone
October 8
G-Map is not available at Apple at the [...]