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Nokia to Buy Navteq


Posted: 02 Oct 2007
TAGS: nokia
Nokia to Buy Navteq

Nokia announced today that it will acquire Navteq, a digital mapping company for $8.1 billion.

This deal is the Nokia's largest yet, and is expected to help improve Nokia's location-based services for mobile devices. Navteq's existing customers will not be affected and the company will continue to operate independently.

The deal will close in the beginning of 2008.

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