Today's top news from Nokia country. Let's see how this will affect to BMW navigation and communication system in a long run...

"The combined entity would create a leading global player in the fast growing location based services market
- NAVTEQ to support existing customers as before


Espoo, Finland - Nokia and NAVTEQ today announced a definitive agreement for Nokia to acquire NAVTEQ. Under the terms of the agreement, Nokia will pay $78 in cash for each share of NAVTEQ including outstanding options for an aggregate purchase price of approximately $8.1 billion (EUR 5.7 billion), or approximately $7.7 billion (EUR 5.4 billion) net of NAVTEQ existing cash balance. The acquisition has been approved by the board of directors of each company and is subject to customary closing conditions including regulatory approvals and NAVTEQ shareholders' approval. "

The rest of the press release can be found from : http://www.nokia.com/A4136001?newsid=1157198

 

I doubt that much will change as far as our cars are concerned. Navteq owns the databases that power almost all of the GPS systems in cars -- it looks like Nokia might be interested in adding GPS mapping to phones and possibly other devices in the future...