Nokia to Pay $8.1 Billion for Navteq
Nokia's agreement to buy Chicago-based Navteq for $8.1 billion—the handset maker's biggest acquisition to date—shows just how determined the Finnish company is to dominate the evolving business of mobile search. In fact, Nokia (NOK) may even be betting that it can become the mobile equivalent of Google (GOOG), as customers increasingly use its Internet-enabled handsets to look for help getting from one place to another as well as for information about what's available along the way.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- This Rare Bear Who Called the Crash Warns Housing Is Too Hot Again
- One of the World’s Hottest Stocks Is Now Tumbling
- Recent ‘Odd’ Market Moves May Be a Warning Sign for Stocks
- The Global Economy Is Doing Just Fine, But the Davos Elite Is Worried
- Nordea's Bitcoin Ban Leaves Financial Regulator Taking Back Seat