EU approves Nokia's acquisition of NAVTEQ, Google signs with Tele Atlas
July 2, 2008
Filed under: GPS
In the brave new world of GPS, Nokia and NAVTEQ are one as are TomTom and Tele Atlas. At least that will be the picture within 5 business days. With the European Commission's "unconditional approval" granted, Nokia can now close the deal on its planned, $8.1 billion acquisition of NAVTEQ. What makes the whole thing a bit more interesting is that Google signed a long term agreement with Tele Atlas on Monday which gives it access to Tele Atlas maps for use in any of Google's mobile, desktop, and on-line offerings. A move likely to put Android in even greater competition with Nokia which opted out of the Open Handset Alliance. Good times.
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