Nokia gets green light for Navteq deal

The European Commission approved Nokia's acquisition of digital map data firm Navteq. The deal is supposed to close within the next five business days.

Nokia first announced its $8.1 billion acquisition of Navteq last October. Through the deal, Nokia will get access to Navteq's digital map services, which span 69 countries across six continents. The two firms had teamed prior to this deal. In 2005, they joined forces to create mobile search solutions for the handset giant's smartphones. In addition to Nokia, Navteq's corporate partners include automakers such as Chrysler, Ford, Mercedes-Benz and Volkswagen.

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