Nokia to acquire NAVTEQ
10-01-2007, 05:47 AM
#1
Members
Thread Starter
Join Date: Feb 2006
Location: Finland
Posts: 187
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: F11 520d
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
"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
10-01-2007, 05:58 AM
#2
Super Moderator
Join Date: Mar 2004
Location: Pittsburgh, PA USA
Posts: 17,310
Likes: 0
Received 2 Likes
on
2 Posts
My Ride: G30 M550i
Model Year: 2018
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...
Thread
Thread Starter
Forum
Replies
Last Post
ucsbwsr
E60, E61 Parts, Accessories and Mods
12
07-27-2015 11:20 AM