TomTom Buys Tele Atlas For $2.77 Billion

Posted: Jul 23 2007, 3:48am CDT | by , Updated: Aug 11 2010, 2:56am CDT, in News | Technology News

TomTom buys Tele Atlas for $2.77 billion
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

Don't Miss: This How to find Fingerlings in Stock

GPS device maker TomTom agrees to buy digital maps company Tele Atlas for about $2.77 billion.

Tele Atlas is the world's 2nd largest digital maps producer.
By gaining direct control over a maps company, TomTom is supposed to deliver real-time update to its devices. Tele Atlas is supposed to still sell to other GPS companies and operate as a seperate unit.
More details on Bloomberg.

We could see more deals like that though. To own a maps company could become a necessary competitive advantage for GPS device makers. There are not that many to go around. Navteq is the number one maps maker, so maybe they are next.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem

Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News


The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () 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




comments powered by Disqus