Navteq
Ingrid Lunden
Sep 29, 2011 6:27 AM
No one ever said turnarounds were easy, and Nokia (NYSE: NOK)—currently the world’s largest handset maker—is one big ship. Today the company announced that it would be downsizing its manufacturing, as well as its mapping and commerce divisions, which will result in job losses totalling 3,500.
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Jobs & Layoffs, Marketing, Mobile, Social Media, Technologies / Formats, Companies, HTC, Microsoft, Windows Phone, Nokia, Samsung, Countries, Europe, Germany, Finland, Asia, location, maps, mobile payments, navteq, nfc
Ingrid Lunden
May 26, 2011 7:05 AM
Nokia (NYSE: NOK) is paring down its operations big-time in the lead-up to using Microsoft’s Windows Phone OS for its new portfolio of smartphones. One thing that is staying behind, though, is the company’s mapping division, which is actually getting more work, as it becomes the default mapping and navigation…
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Apps, Mobile, Social Media, Video, Companies, Microsoft, Windows Phone, Nokia, Twitter, cnn, maps, navteq
Ingrid Lunden
Apr 27, 2011 6:07 AM
Our look at some of the stories in mobile today: Google (NSDQ: GOOG) looks to boost its mobile ammo by bidding for another set of moile patents; more on that all-important white iPhone; and another bit of news on Nokia (NYSE: NOK), refocussing Naveteq.
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Legal, Patents, Regulatory, EC, Mobile, Social Media, Companies, Apple, iPhone, Google, Android, Microsoft, Windows Phone, Nokia, Countries, Middle East / Persian Gulf, navteq
Ingrid Lunden
Jan 27, 2011 6:24 AM
Nokia’s Q4 and full-year earnings report is coming in just now, and it spells out in numbers some of the issues facing the world’s biggest handset maker today.
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Mobile, Money, Earnings, Companies, Nokia, navteq, nokia siemens networks
Ingrid Lunden
Dec 13, 2010 6:12 AM
Update: A spokesperson for Navteq has confirmed that the digital mapping division of Nokia (NYSE: NOK) has bought Reach Unlimited Corporation, owner of the crowdsourced traffic data app Trapster, for an undisclosed amount. This means that Navteq has also acquired the other two less well-known location-aware apps detailed in the…
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Apps, Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, GPS Navigation & Maps, Companies, Nokia, maps, navteq, reach unlimited, trapster, trapster.com, waze
Tameka Kee
Sep 14, 2009 1:56 PM
After taking a stake in location-based mobile ad firm Acuity Mobile last year, Nokia’s own mobile mapping and ad unit NAVTEQ, has followed up with an outright acquisition. Financial terms were not disclosed, but an SEC filing reveals that NAVTEQ’s initial stake was worth at least $2.8 million. Acuity had…
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Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Nokia, acuity mobile, navteq
Joseph Weisenthal
Sep 30, 2008 7:24 AM
A big second round for local search startup Zvents... The San Mateo, CA-based company has raised $24 million from Nokia (NYSE: NOK) Growth Partners, AT&T (NYSE: T), and Navteq, along with past backers Vantage Point Venture Partners and Red Rock Ventures. The company previously raised $7 million in 2006, for…
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Money, M&A & Venture Capital, Venture Capital, Companies, AT&T, Nokia, navteq, nokia growth partners, red rock ventures, vantagepoint venture partners, zvents
Tricia Duryee
Jul 10, 2008 10:59 AM
After facing strict regulatory approval, Nokia (NYSE: NOK) said today it has officially closed the $8.1 billion acquisition of digital map company Navteq, which was before its expected Aug. 8 deadline. Now that Navteq will be part of Nokia, it will continue serve its current customer base but also invest…
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Legal, Regulatory, Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, GPS Navigation & Maps, Companies, Nokia, navteq
Tricia Duryee
Jun 16, 2008 11:22 AM
As Nokia’s (NYSE: NOK) $8.1 billion acquisition of Navteq nears an expected close on Aug. 8, it’s time to ask what a mapping company and a handset-maker will look like once put together. In a Chicago Tribune story, we get Navteq CEO’s Judson Green perspective. He said by tapping into…
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Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, GPS Navigation & Maps, Companies, Nokia, navteq
Joseph Weisenthal
Jun 5, 2008 6:27 AM
Some news on a pair of related acquisitions… Nokia’s (NYSE: NOK) $8.1 billion proposed acquisition of Navteq is unlikely to get objection from the EU, reports Reuters. Back in March, there had been some talk that the tie-up would receive heightened scrutiny, but apparently the time has passed for the…
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Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, GPS Navigation & Maps, Companies, Nokia, navteq, tele atlas, tomtom
Dianne See Morrison
May 9, 2008 8:02 AM
— *NAVTEQ* powers revamped VZ Navigator: Digital map provider NAVTEQ (NYSE: NVT) has signed a deal with Verizon Wireless (NYSE: VZ), to use its NAVTEQ Traffic Mobile to power the network operator’s new traffic application on its upgraded VZ Navigator service. Subscribers will be able to access NAVTEQ’s live traffic…
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Entertainment, Music, Technologies / Formats, GPS Navigation & Maps, Companies, Verizon, Countries, Asia, chaka-uta, navteq
Robert Andrews
Apr 11, 2008 10:17 AM
Nokia (NYSE: NOK) is keeping quiet and corporate on its chances of winning European Commission clearance for its $8.1 billion acquisition of GPS map-maker Navteq, but TomTom sources are going public with concessions it’s offering to secure its TeleAtlas purchase… - Nokia: Nokia internet head Niklas Savander told a Helsinki…
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Gadgets, Legal, Regulatory, Technologies / Formats, GPS Navigation & Maps, Companies, Nokia, Countries, Europe, navteq
Robert Andrews
Mar 28, 2008 9:53 AM
The European Commission just confirmed earlier reports it will begin an in-depth inquiry in to Nokia’s (NYSE: NOK) proposed $8.1 billion acquisition of GPS mapping provider Navteq. It was always likely after the EC began a detailed and ongoing investigation in to TomTom’s similar acquisition of the other map maker,…
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Legal, Regulatory, Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, GPS Navigation & Maps, Companies, Nokia, Countries, Europe, european commission, navteq
Dianne See Morrison
Feb 6, 2008 3:38 PM
Digital mapping solutions provider NAVTEQ (NYSE: NVT) has taken an undisclosed equity stake in location-based advertising technology provider Acuity Mobile. It has also extended its licensing of Acuity Mobile technologies, which will allow it to continue offering its clients the ability to serve up location-based ads. It does not specify…
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Advertising, Money, Technologies / Formats, GPS Navigation & Maps, Companies, Nokia, acuity mobile, navteq
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