TomTom to buy TeleAtlas
November 19th, 2007
Tags: Garmin, Navteq, TeleAtlas, TomTom

Further to our previous article, at the end of last week, Garmin withdraw it’s bid for TeleAtlas, although not until TomTom had increased their offer ($4.2m) above that of Garmin’s ($3.3m). Garmin, a long time Navteq user, announced at the same time that irrespective of Nokia buying Navteq, Garmin have guaranteed access to Navteq data until 2015.
The TomTom deal is set to be signed today.

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