The Guardian
trending topics
Close Box

Our news

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


Vodafone To Buy Swedish Navigational Software Firm Wayfinder For $30 Million

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

Vodafone (NYSE: VOD) has made a cash offer for Swedish navigational software firm Wayfinder the companies announced today. The world’s largest telecoms group by revenue has offered Wayfinder 12 Swedish crowns a share, which values the company at 239 million Swedish crowns, or $30 million. Vodafone’s internet services director Pieter Knook said the software enables mobile phones to display user-friendly maps as well as deliver voice directions to drivers in the same way as dedicated navigation devices, Reuters reports. He added that Vodafone would use the software to develop new location-based products and services. Wayfinder’s board have recommended the bid, and shareholders, who collectively controlled 45 percent of shares, have accepted the offer. Wayfinder closed on Monday at 3.40 crowns per share. (Vodafone release, Wayfinder release).

Dec 9, 2008 6:01 AM ET

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Vodafone, wayfinder

(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