The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Does Nokia’s Navteq Buy Threaten Tom Tom’s Purchase of Tele Atlas?

  • Comments Comments (View)
  • Text Size: A A

Nokia’s (NYSE: NOK) planned $8.1 billion acquisition of Navteq is seen, partly, as a response to Tom Tom’s deal to buy digital mapmaker Tele Atlas. But Navteq is being valued much more richly than Tele Atlas, and now there’s concern that Tele Atlas may want to shop around for a better deal. Forbes quotes ABN Amro analyst Wim Gille, who thinks a bidding war for Tele Atlas looks increasingly likely, with both Garmin and Microsoft (NSDQ: MSFT) mentioned as possible suitors.  Shareholders must feel similarly, as Tele Atlas shares whipped upwards on the Navteq news, settling above Tom Tom’s offering price. The timing of all this is bad for Tom Tom, which just today is initiating its formal offer to purchase Tele Atlas, with a shareholders meeting planned for November, 14th (Release).

Oct 2, 2007 1:16 PM ET

Posted In: Money, M&A & Venture Capital, Companies, Nokia

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Android Apps (Free) Android Apps (Free)
1. Facebook for Android
2. Pandora® internet radio
3. Angry Birds
4. Words With Friends Free
5. Voxer Walkie-Talkie PTT
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff