EU approves Nokia's acquisition of NAVTEQ, Google signs with Tele Atlas
In the brave new world of GPS, Nokia and NAVTEQ are one as are TomTom and Tele Atlas. At least that will be the picture within 5 business days. With the European Commission's "unconditional approval" granted, Nokia can now close the deal on its planned, $8.1 billion acquisition of NAVTEQ.
What makes the whole thing a bit more interesting is that Google signed a long term agreement with Tele Atlas on Monday which gives it access to Tele Atlas maps for use in any of Google's mobile, desktop, and on-line offerings. A move likely to put Android in even greater competition with Nokia which opted out of the Open Handset Alliance. Good times.
Read -- EU approves acquisition
Read -- Google's deal with Tele Atlas
