TomTom/TeleAtlas Deal gets Euro OK

The European Union gave clearance of the TomTom TeleAtlas deal which paves the way for the merger to move forward; the US gave its OK last year.

"The Commission concluded that the transaction would not significantly impede effective competition," an European Union executive said in a statement.

TomTom and Tele Atlas issued a joint release on the subject saying:

"The ruling of the EC is the best possible outcome for TomTom and Tele Atlas allowing the new combination to go ahead with the full execution of its strategy."

Read More in: TomTom GPS News

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