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EU okays TomTom's Tele Atlas buyout

Posted: 19 May 2008  Print Version  Bookmark and Share Subscribe

Keywords: navigation device  satellite navigation  Europe market 

[Summary of tips] EU regulators have approved TomTom's takeover of Tele Atlas after an in-depth probe found the deal would not significantly reduce competition in the satellite navigation sector.This is according to an Agence France Presse report, which stated that the European Commission concluded the $4.3-billion takeover of Tele Atlas, a make......
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