Nokia to Acquire Navteq

This morning, the Wall Street Journal reported on its Web site that Nokia was deep in talks to buy digital map supplier Navteq: The acquisition of Chicago-based Navteq, which has a market capitalization of $7.6 billion, would be one of Nokia's largest-ever corporate takeovers.

In fact the two companies are not new to each other, they have already a business relationship as Navteq provides information for Nokia's mobile phones. Anyway, Nokia's interest in Navteq represents a big move into the mobile-services arena, a reflection of its aggressive push into the mobile services, beyond its current suite of offerings related to games and music. Remember that Nokia has recently announced plans to move more into mobile content and services, including further development of its Nokia Maps service.

Nokia and Navteq declined to comment, so we just have to wait and see.

EDIT : It's over. They announced a definitive agreement for Nokia to acquire Navteq !! You can see the press release, here.

ps. Yes, Nokia will pay approximately $8.1 billion (€5.7 billion) net of NAVTEQ existing cash balance. 

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