23.07.2007 16:05 Uhr, Quelle: Engadget

TomTom offers $2.5 billion for map maker Tele Atlas

Filed under: GPSTomTom is currently the world's largest manufacturer of car navigation devices, but doesn't seem content to settle there, and has just put a $2.5 billion bid in for Tele Atlas, which provides maps for the likes of MapQuest, Google Maps, and of course navigation devices aplenty. TomTom currently accounts for around 40 percent of Tele Atlas' business, and says the deal would allow for improved maps and new features like daily map updates and better routing. TomTom would operate Tele Atlas as an independent business unit, an

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