EU take on TomTom

stuart · Posted: Tue Mar 04, 2008 3:24 pm Post subject: EU take on TomTom

Found this on here http://www.pocket-lint.co.uk/news/news.phtml/13170/14194/TomTom-faces-EU-legal-wrangle.phtml

NEWS: 2 March 2008 20:30 GMT by Katie Scott
TomTom's plan to buy its main map supplier, Tele Atlas, may be scuppered by the EU.

According to Reuters, European authorities have sent a formal "statement of objections" to the SatNav system manufacturer.

TomTom - which is now the world's biggest maker of car navigation devices - was aware of possible objections to the deal on grounds on competitions laws.

It therefore sent in some possible remedies to the EU to try and head off these concerns.

However, Reuters reports that the European Union executive "was unable to accept them before the deadline for sending the 'statement of objections', which lays out competition problems with the deal".

TomTom must now respond to the EU objections before the decision deadline on 5 May.

Reuters continues that if the buy-out is allowed to take place, it will mean that TomTom can move beyond hardware where growth is expected to decline.

The news service adds that Tele Atlas also supplies online mapping websites such as Google Maps, as well as maps to Nokia.

Apoligies if its already been posted.

Darren · Posted: Tue Mar 04, 2008 4:22 pm Post subject:

Now why do I bother, posted yesterday on the front page and linked to this post for discussion. Wink

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Darren Griffin

stuart · Posted: Tue Mar 04, 2008 4:46 pm Post subject:

Darren · Posted: Tue Mar 04, 2008 4:50 pm Post subject:

It's not a problem, easily done. I'll lock this post now though.
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Darren Griffin

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