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Monday, October 1. 2007

Update: Done deal Nokia to acquire NAVTEQ

It's official.

Slides from con call here (exactly what they said!)

The Wall Street Journal reports today that Nokia is in talks to acquire NAVTEQ. There's been speculation on a NAVTEQ acquition since TomTom announced plans to acquire Tele Atlas. In fact, I was even discussing a possible acquisition with a NAVTEQ rep at FOSS4G last week.

Word is the companies have been speaking for weeks. Also, NAVTEQ's market value of $7.6 billion, would make it one of Nokia's biggest acquisitions.

- Reuters

Posted by Adena Schutzberg at 06:33 | Comments (0) | Trackbacks (0)

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