Nokia Buys Navteq for $8.1 Billion

Kevin J. O’Brien, reporting for The New York Times:

Nokia, the world’s biggest cellphone maker, said today that it had agreed to pay $8.1 billion for Navteq, the maker of digital mapping and navigational software based in Chicago, as it seeks to migrate satellite-based location services onto its range of phones.

★ Monday, 1 October 2007