TomTom's Attempt To Buy Tele Atlas Gets Even More Complex

Courtesy Techdirt  Mon, 03/03/2008 - 18:59

You may recall just how well GPS-device maker Garmin played the acquisition game last last year, forcing its main rival, TomTom to spend much, much more than originally intended in a deal for map maker Tele Atlas.

Every step that Garmin took seemed to work to its advantage, first raising the bid for Tele Atlas, forcing TomTom to nearly double its bid, then buying up some Tele Atlas shares on the open market so that it's actually making a...

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