Nokia has jumped into the personal-navigation business with the acquisition of Navteq, for €5.7bn ($8.1bn). Chicago-based Navteq has about 3,000 employees based at 168 offices in 30 countries. The company will operate independently, providing existing customers with mapping information and continuing to run Traffic.com. Nokia …
Only a matter of time
Once TomTom bought Navteq's little brother (TeleAtlas) it was wait and see who had deeper pockets, 2008 onwards the competition will be Nokia V TomTom. I wonder how long it will be before Nokia buys Garmin?
- Updated Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
- Elon Musk's LEAKY THRUSTER gas stalls Space Station supply run
- Windows 8.1, which you probably haven't upgraded to yet, ALREADY OBSOLETE
- Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
- Opportunity selfie: Martian winds have given the spunky ol' rover a spring cleaning