Nah.. NOKIA, after selling a few phones Vertu Ascent Ferrari (€18,000/piece) through the market, they collected some pocket money to make a small investment. :P A small investment that had as a target, the leader in harti digital navigation (GPS) of the world.
A little while ago, NOKIA announced the acquisition ENTERPRISE Navteq for the amount of … $8.1 billion$$$ ( ~ 5.7 billion EURO).
The investment strengthens NOKIA's leading position on the market mobile telephony and allows the development / expansion of services GPS Nokia Maps and web maps ( Navteq owns one of the largest websites of digital navigation maps – traffic.com).
These sMALL I go out to shopping only in october? :D If I remember correctly, a year ago around the same time Google announces the acquisition of the video site, YouTube.com for the amount of $1.65 billion. Uhm :-? .
Nokia and NAVTEQ today announced a definitive agreement for Nokia to acquire NAVTEQ.
About Nokia
Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. Nokia makes a wide range of mobile devices and provides people with experiences in music, navigation, video, television, imaging, games and business mobility through these devices. Nokia also provides equipment, solutions and services for communications networks.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world.
