EU now formally opposed to TomTom / Tele Atlas deal
Written by admin on March 1st, 2008 in Gadgets.
Posted Mar 1st 2008 3:41PM by Ryan Block
Filed under: GPS
Reuters is reporting that the European Commission, apparently having completed is inquiry into the $4.2b acquisition offer TomTom made Tele Atlas last year, is apparently issuing a “statement of objections.” Apparently it’s not a flat-out rejection / do not pass go / do not collect $200, but now TomTom has until May 5th to work on resolving the issues the EU’s presented before it can get the thumbs up to make its big buy.
Tags: DVD, dap, AAC, cameras
