The title pretty much says it all on this one, folks. We suppose the thought of countering TomTom's recently raised $4.22 billion offer
for mapmaker Tele Atlas weighed too heavy on Garmin's soul (or just seemed too expensive), but whatever the case, its $3.3 billion offer
has officially been rescinded. Also of note, the AP
claims that the outfit has struck a deal with NAVTEQ (or is that Nokia
?), which guarantees it access to those maps through 2015. Currently, there's been no word on whether TomTom will move forward with its apparent plans
to snap up Tele Atlas, but it's safe to say the biggest obstacle has been (voluntarily) removed.