Nokia buys Navteq
Nokia buys Navteq for $8.1 billion.
As the labor-intensive work of these companies isn't duplicated easily, the purchase by Nokia is probably a good move. Nokia's move also dovetails with product plans from automotive equipment maker Siemens. At the Frankfurt auto show last month, the company demonstrated an in-car navigation system that used a GPS-enabled cell phone as its brains, transmitting map data through Bluetooth to a dashboard-mounted LCD. Cell phones--is there anything they can't do?