Tag archive: Tele

GPS maker TomTom has turned up the pressure in its efforts to acquire digital mapmaker Tele Atlas, saying it will increase its offer to €30 per share. The new offer represents a major increase over the €21.25 per share the company initially offered for Tele Atlas, and significantly tops the €24.50 per share bid made last week from rival Garmin. The new bid values Tele Atlas at about €2.9 billion, or about $4.2… Read More

Dutch digital mapmaker Tele Atlas has been pursued by Amsterdam-based GPS maker TomTom since mid-year: TomTom announced its intent to aquire the company in July for €21.25 per share—kind of a low-ball bid—and formally announced the offer in early October. The question was whether TeleAtlas shareholders would bite: although Tele Atlas formally endorsed the TomTom offer, Tele Atlas's shares had been consistently… Read More

In the wake of yesterday's announcement that Finland's Nokia plans to acquire digital mapping and navigation service provider Navteq for $8.1 billion, Dutch GPS device manufacturer TomTom has formally launched its $2.5 billion takeover offer for Tele Atlas. TomTom originally announced the takeover plan last July, and re-iterated its offer of €21.25 per share in cash; however, Tele Atlas shares continued to trade above that… Read More

Digital mapping company Tele Atlas announced today that the newly-available Pioneer AVIC Z1 in-car GPS-based navigation system on the TomTom Go 910 incorporate new phonetic data from Tele Atlas to improve the quality of speech technology used by the systems. If you've ever used an in-car GPS or similar device with speech synthesis capabilities, you've probably had a few laughs