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