Tomtom?s deal with Tele Atlas

N

NavtonesGPS

The proposal TomTom had submitted to Tele Atlas for a takeover bid of more them $4 billion dollars looks to have reached a critical point. TomTom wants to take over the digital map firm but has not responded to some key issue.
It is reported that TomTom has not offered any remedies to the European commission?s antitrust worries but communication between the companies is still alive.

This is certainly going to make things interesting in the weeks to come.
If you want to read more about this topic, check out the link below:

http://www.technewsworld.com/story/Drumbeat-Slows-for-TomToms-Tele-Atlas-Buy-62555.html
 

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