Nokia courts Navteq

How serious is Nokia about the LBS and Local Search space, well at least $7bn is would appear if today’s report in the Wall Street Journal is accurate. Following the Tom-Tom play for Tele Atlas, Navteq was always going to be up next.

At $7bn this makes the Tele Atlas deal of approx €2bn look great value ?

Written and submitted from the Scandic Regina Hotel, Herning, Denmark, using the hotels free 802.11 network.

One comment

  1. glenn

    I believe it was $8.4 billion Ed, although that’s likely only about 4billion pounds… that’s a ton of $$ and the analysts appear to think that they indeed paid a premium. wait and see I guess

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