July 23, 2007

TomTom to buy Tele Atlas N.V.

Funny, just last night after looking over details of the Google, ImagAmerica purchase I was wonder ing which data provider (Tele Atlas, or Navteq) would Google likely buy... now today reports of TomTom's planned buyout of Tele Atlas... TomTom N.V. intends to make a cash offer of € 21.25 per ordinary share for Tele Atlas N.V.  The Offer Price represents a 32% premium over Tele Atlas' average closing share price for the three months prior to 20 July 2007 - see www.teleatlas.com

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