Nokia In Talks To Aquire Navteq [Update]

Posted: Oct 1 2007, 3:28am CDT | by , Updated: Aug 11 2010, 4:08am CDT, in News | Technology News

 
Nokia in talks to Aquire Navteq [Update]
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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.

This story may contain affiliate links.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

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