March 1, 2008

EU Issues Objections in TomTom/TeleAtlas Deal


Apparently a speed bump has occurred on the pathway to buying TeleAtlas; TomTom has been notified according to news reports that the EU has some formal objections to the TomTom plan to purchase TeleAtlas. The objections don't mean that the deal is off, it just means that TomTom needs to come up with better remedies to the issues at hand. Who knows what those objections are, but the process sounds like it just switched into low gear.

Via Reuters

Read More in: TomTom GPS News

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Posted by Scott Martin at March 1, 2008 9:34 PM

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