The Finnish handset maker, Nokia, just made its largest acquisition ever. In agreeing to buy Chicago-based digital mapping provider Navteq for $8.1 billion, Nokia is staking its future in the evolving business of mobile search.
As mobile phones morph into handheld computers with global positioning capability, Nokia has secured a leading position in the market by controlling the mapping data that Navteq creates. Expensive...but an exceptional business acquisition!
Read more from BusinessWeek.
Chuck Russo
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threeminds predicts
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