TomTom Raises Bid for TeleAtlas
TomTom has raised the bid for TeleAtlas after rival Garmin bid on the map maker last week. The offer is for $4.2 Billion a big jump from the Garmin offer that is said to be valued at about $3.3 Billion. That’s a big jump and one has to wonder how high the bidding war will go; I mean hey this is better than a hot item on eBay isn’t it? Just minus the listing fee.
The big issue for the loser in this battle is where to get your map data, from your GPS based competitor or the Big Huge Nokia phone company turned Location Based Services competitor. Bad news either way. Stay tuned.
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Posted by Scott Martin at November 7, 2007 6:55 AM
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