Reuters is reporting that the European Commission, apparently having completed is inquiry into the $4.2b acquisition offer TomTom made Tele Atlas last year, is issuing a "statement of objections." It's not a flat-out rejection / do not pass go / do not collect $200, but now TomTom supposedly has until May 5th to work on resolving the issues the EU's presented before it can get the thumbs up to make its big buy.


EU now formally opposed to TomTom / Tele Atlas deal