Garmin bids $3.3 billion on Tele Atlas

Tele Atlas, the fine folks who do BlackBerry Maps, are in the process of being bought. Fellow Dutch navigation company, TomTom, had already put about $3 billion on the table, but now that GPS heavyweight Garmin has stepped up, it looks like a bidding war is going to ensue. Both TomTom and Garmin have experience on handhelds, and can potentially bring some new stuff to BlackBerry Maps, but it’s more likely that Tele Atlas will keep doing what they do best, regardless of who owns them.

“Given the high growth and rapid change the navigation market has undergone to date, we feel that now is the right time for Garmin to move ahead with this proposed combination with Tele Atlas,” Garmin Chief Executive Min Kao.

0 Responses to “Garmin bids $3.3 billion on Tele Atlas”

  1. No Comments
  1. 1 Garmin bids $3.3 billion on Tele Atlas - : Your Number One BlackBerry Community

Leave a Reply