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Nokia is buying Navteq, the world’s biggest …

By Wilson Rothman on October 1, 2007 at 11:45 PM

Nokia is buying Navteq, the world’s biggest digital map maker for $8.1 billion. Nokia wants to be a leader in location-based services, and buying Navteq gives it the best access to the best database. GPS-maker TomTom is in the process of buying Tele Atlas, Navteq’s only major worldwide competitor. [NYT]

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