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Nokia in talks to acquire Navteq

on October 1, 2007 – 4:55 pmOne Comment

Nokia is in serious talks to acquire Navteq who is a leading navigation software maker.

NavteqInterestingly Navteq is also a data provider for Google Maps.

The company has a $7.61 billion market capitalization – their main business is software for in-vehicle navigation systems.

If Nokia bags Navteq , it will be a shot in the arm for Nokia’s GPS Device offerings and the mobile-services arena.

Nokia and Navteq already have a business relationship, where Navteq provides information for Nokia’s mobile phones.

via [WSJ]

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Varun Krish is a Mobile Technology Enthusiast and has been blogging about mobile phones since 2005. His current phones include the Nokia Lumia 800 and Apple iPhone 4S. You can follow him on Twitter @varunkrish and on Google+ You can also mail Varun Krish

  • http://www.fonearena.com/blog/2007/10/01/nokia-to-acquire-navteq.html Nokia to acquire NAVTEQ

    [...] we reported the Nokia is in talks to acquire NAVTEQ, Nokia issued a Press Release to confirm the [...]