Hamey

  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.

  Nokia announced today that they are acquiring mapping company Navteq for $8.1 billion, here is the 2-minute deal run down: About Navteq Founded 1985, has extensive digital map content and an associated data platform $582 million in revenue 2006 Provides for car navigation, mobile navigation and internet based mapping Provides significant data to Google (the other major vendor is Tele Atlas) More info The deal $8.1 billion ($78 cash per share) Price represents 34% premium on NAVTEQ ...

The Australian Competition and Consumer Commission (ACCC) is taking Google to court over failing to distinguish between organic search results and sponsored links. The case is arguing against Google's pay-per-click AdSense program. The claim is that Trading Post (auto trader) violated Trade Practices by using competitor names "Kloster Ford" and "Charlestown Toyota" in the title of their sponsored links. This has been fought in various other countries, usually with ...

Google have announced an acquisition deal of Californian company Postini for $625m. This makes it the third largest acquisition for Google second to DoubleClick and YouTube. Postini has 10 million users worldwide and specialises in "message security, archiving, encryption, and policy enforcement". This would suggest a long term play for Google, as they move into the email corporate sector against heavyweights Microsoft and IBM. Google ...

In an apparent bidding war with Microsoft, Google have acquired the advertiser DoubleClick (official press release here) for $3.1 Billion cash (almost twice how much they paid for YouTube). As well as the all important customer base, this will provide Google with 5 more patents to their 62 patent collection. The bidding with Microsoft obviously went quite high but at the end of the day, Google's core business is ...