Nokia in talks to Aquire Navteq [Update]

Oct 1 2007, 3:28am CDT | by Luigi Lugmayr

The WSJ reports that Nokia is apparently in acquisition talks with the number one navigation software maker Navteq.

Update:
Nokia officially announced today that they aquire Navteq for $8.1 billion. See this press-release.

TomTom bought in July the number two navigation software maker Tele Atlas for $2.7 billion.
Back then it was already likely that Navteq could be next. Navteq would be the largest acquisition Nokia ever did. They seem to be committed to move into the services area very quickly and boldly.
None of the companies has officially commented to the WSJ story.
More details on the WSJ.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.