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Earnings
TomTom Decides To Outsource Its Apps

Feb 25, 2009 1:53 PM

TomTom is focusing its mobile strategy on building a platform for developers to use rather than creating its own apps, said CEO Harold Goddijn in the Q4 earnings conference call. “If you look at our business strategy in mobile, I don’t think we should aim to develops tens of small…

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Posted In: Money, Earnings, Technologies / Formats, GPS Navigation/Maps, tomtom

Nokia/Navteq To Get EU Green Light: Report; TomTom/Tele Atlas Complete

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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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, GPS Navigation/Maps, Companies, Nokia, navteq, tele atlas, tomtom

TomTom’s Proposed Tele Atlas Purchase Gets EU Clearance

May 14, 2008 6:56 AM

Car navigation device maker TomTom’s proposed 2.9 billion euro ($4.5 billion) purchase of digital- mapping firm Tele Atlas has received the all clear from the EU. Bloomberg reports that the European Commission’s decision concludes a six-month probe, which saw TomTom rejecting EU demands to license Tele Atlas’s database to create…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Nokia, tele atlas, tomtom

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