According to German daily newspaper Financial Times Deutschland, Garmin has entered into exclusive talks to buy German navigation software supplier Navigon. The price is estimated around €50 million, wrote the newpaper according to a source involved with the deal. The sale could happen in June.
Navigon is currently owned at 90 percent by private equity firm General Atlantic. The firm took over the company in May 2008, increasing its stake from 25 percent to 90 percent.
NAVTEQ has announced the launch of its traffic service in Russia, “delivering comprehensive, real-time traffic information to nearly 16.5 million people in three major cities - Moscow, St. Petersburg and Yekaterinburg.“
Viettel, the Vietnamese telecommunications company, will invest about $600 million in Ukraine to launch broadband Internet access,
