The bidding war for mapping provider Tele Atlas is finally over. Garmin has cancelled its bid to purchase Tele Atlas for $3.57 billion. After a short (but expensive) bidding war with TomTom, it appears Garmin has decided to pass on Tele Atlas, and will stick with the NAVTEQ mapping data it currently uses.
Garmin's bidding war with TomTom cost the Dutch-based firm an additional $870 million to acquire Tele Atlas. At the same time Garmin has brokered a deal with NAVTEQ that guarantees continued access to maps, as well as NAVTEQ's underlying map technology in a technology-sharing agreement between Garmin and NAVTEQ.
Continue reading "Garmin Cancels Bid on Tele Atlas; Inks 10-Year Contract with NAVTEQ" »
fletch which would be your overall pick Garmin Nuvi 760 or Magellan Maestro 4250.
I currently own the 660 Nuvi. I use The Garmin for my Courier business and the directions are exact until you arrive at your location and then sometimes it is off about 0.1 to 0.2 about 8 out of 10 times. Is the Magellan like this do you know and does it announce which side of the street your address is on like My Garmin does. Thanks Lew
What, you cannot raise your head when being ‘0.1 to 0.2’ from your target and take a look??? Building have numbers, companies have names on a buildings. Unless you run some contraband… WTF?
There is NO perfect GPS so enjoy your Gamin since you already have the best of the best.
Well Chimera, WTF if he is looking for an address at night or in an area where some houses don't have house numbers on them or the numbers are hidden behind landscaping, etc, etc? House numbers impossible to see from the street.
Anyway, back to the story at hand-----this Navteq deal buys Garmin the 10 years or so it will need to develop its own mapping business. It should take about that long and a few hundred million to do it.