Oct 3, 2007
Will TomTom jump on Tele Atlas to fight Nokia?
Barely 24 hours after Nokia announced the acquisition of Navteq, Tele Atlas shares have jumped. Good news for them, not so good for TomTom who will have to lift their $2.5 billion bid they made in July to obtain the mapping company. Tele Atlas is another Google Maps data provider along with Navteq so it will interesting to see if they start reaching for their chequebook too.
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