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Nokia is buying Navteq for $8.1 Billion

Colin Colehour [PersonRank 10]

Monday, October 1, 2007
2 years ago459 views

<< Nokia Oyj, the world's biggest mobile-phone company, agreed to buy Navteq Corp. for $8.1 billion to gain digital maps of 69 countries and compete with TomTom NV in the market for navigation devices. >>

Navteq licenses their data to Google and Yahoo to supply the necessary map data for each companies mapping products. What does this mean for Google Maps and Yahoo Maps next year?

bloomberg.com/apps/news?pid=20 ...

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