Nokia, the world’s largest mobile-phone maker, is in late-stage talks to acquire U.S. electronic mapping firm Navteq, The Wall Street Journal reported. Navteq is worth about $7.65 billion. “Such a deal, if true, would strengthen Nokia’s position in the GPS/maps market,” said Garner analyst Carolina Milanesi. (MarketWatch)
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The Bottom Line
October 1, 2007
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