Nokia Closes $8.1 Billion Acquisition Of Navteq
By Tricia Duryee - Thu 10 Jul 2008 09:55 AM PST
After facing strict regulatory approval, Nokia (NYSE: NOK) said today it has officially closed the $8.1 billion acquisition of digital map company Navteq, which was before its expected Aug. 8 deadline. Now that Navteq will be part of Nokia, it will continue serve its current customer base but also invest in future, including expanding the number of countries it has already mapped and adding more content. Nokia believes strongly in the acquisition because they feel it is important to add context—time, place and people—to mobile internet services. More details at mocoNews.net…
