Featured Articles

Apple iPad Air 2 costs $275 to build

Apple iPad Air 2 costs $275 to build

IHS has told Recode that the Apple iPad Air 2 16GB Wifi costs only $275 to build -- not bad…

More...
LG sells 16.8 million smartphones in Q3 14

LG sells 16.8 million smartphones in Q3 14

As Samsung is losing market share, another Korean company, which many had written off, is gaining.

More...
LG G Watch R EU price set at €299

LG G Watch R EU price set at €299

LG G Watch R is probably the best looking Android Wear device on the market and many have been waiting for…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 03 October 2007 13:38

TomTom makes offer for Tele Atlas

Written by David Stellmack

Image

Offer is well below Nokia-NAVTEQ offer


 

We reported yesterday about Nokia’s proposed takeover offer of NAVTEQ  Corporation, a U.S. provider of digital map information for automotive navigation systems, mobile navigation devices and Internet-based mapping applications, for $8.1 billion.

As was expected, digital navigation device manufacturer, TomTom NV, has made a tender offer for Tele Atlas N.V., NAVTEQ’s largest competitor.  TomTom confirmed the offer price of 21.25 euros ($30.14) per share in cash, but Tele Atlas shares continued to trade well above the offer price after the announcement of the NAVTEQ takeover offer from Nokia. TomTom indicated that the tender period for Tele Atlas shares will begin October 3rd and conclude on December 4th.

The Tele Atlas and TomTom merger is predicted to close in December 2007.

Industry analysts predicted that the Nokia's huge offer for NAVTEQ will impact the value of the digital mapping industry itself, and could even make the TomTom and Tele Atlas merger the subject of yet another takeover.

Last modified on Wednesday, 03 October 2007 13:39

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments