TomTom raises offer for Tele Atlas: take that Garmin

Man, we were only half kidding when we suggested that Tele Atlas hold out for more money. But sure enough, they're now looking at a sweet €30.00 per share offer as followup to TomTom's original €21.25 offer which took just a tad too long to formalize. That's a bump from $2.56 billion to $4.22 billion. So Garmin... you ready to bump your $3.3 billion bid or shall we just consider this matter closed?