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?
- 'Kim Kardashian snaps naked selfies with a BLACKBERRY'. *Twitterati gasps*
- Crawling from the Wreckage THE DEATH OF ECONOMICS: Aircraft design vs flat-lining financial models
- Pics Facebook's Oculus unveils 360-degree VR head tracking Crescent Bay prototype
- Bargain basement iPhone shoppers BEWARE! eBay exposes users to phishing vuln
- Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst