The news blurted out the information early yesterday morning during the business report — Nokia is going to acquire NAVTEQ for an aggregate purchase price of about $8.1 billion (€5.7 billion), or approximately $7.7 billion (€5.4 billion) of NAVTEQ existing cash balance. That works out to about $78 per each share of NAVTEQ, including outstanding options. The Board of Directors for each company have approved of this acquisition which is, of course, subject to customary closing conditions, regulatory approvals and NAVTEQ shareholder’s OK’s.
NAVTEQ brings highly regarded maps and navigation industry expertise, a strong customer base and an industry-leading map data and technology platform with the broadest geographical coverage. The company will will continue to provide the most advanced and flexible map data platform to navigation industry players. With NAVTEQ, Nokia will further strengthen its location-based services offering and bring to market the most innovative, context aware Nokia Internet services with accelerated time to market—Chicago, Illinois
- Skip to primary navigation
- Skip to main content
- Skip to primary sidebar
- Skip to secondary sidebar
- Skip to footer
Satellite Industry Intelligence Since 1983
Footer
Satnews is a leading provider of satellite news, events, publications, research and other satellite industry information in both commercial and military enterprises worldwide.