Nokia in talks to acquire Navteq: WSJ
New
York/Helsinki,
Oct
1:
Nokia
was
deep
in
talks
on
Sunday
night
to
buy
digital
map
supplier
Navteq
Corp,
the
Wall
Street
Journal
reported
on
its
Web
site
on
Monday,
citing
people
familiar
with
the
matter.
Nokia and Navteq have been in discussions over the past few weeks, but it was still possible those talks could crumble over last-minute issues, the report said.
With a market value of $7.6 billion, Navteq would be one of Nokia's largest-ever corporate takeovers.
Nokia declined to comment, and Navteq was not immediately available for comment.
Navteq has been seen as a takeover target since TomTom, the world's top maker of car navigation devices, offered in July 1.8 billion euros ($2.55 billion) for its only big rival Tele Atlas.
Nokia bought into the navigation industry last year when it bought German firm Gate5.
Reuters
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