Wednesday, December 06, 2006
NAVTEQ To Acquire The Map Network
NAVTEQ Announces Agreement to Acquire The Map NetworkWednesday December 6, 9:00 am ET
Local Content Provides Data 'Down to the Last Mile'
CHICAGO, Dec. 6 /PRNewswire-FirstCall/ --
NAVTEQ (NYSE:
NVT -
News), a leading global provider of digital maps for vehicle navigation and location-based solutions, has agreed to acquire The Map Network, a privately-held Washington DC based producer of official maps for travel destinations, special events and major hotels and marquee venues for $37.5 million in cash, subject to certain adjustments and closing conditions. The Map Network's content and capabilities are a natural extension of NAVTEQ's core map business and will enable NAVTEQ to augment its portfolio with rich, location-specific detail....read more:
here12/06/2006 09:47:00 AM
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