Business news with words agreed+billion+nokia. 7 news.

(Reuters) -- Chicago-based digital map supplier Navteq Corp., which agreed to be acquired by Nokia Oyj for $8.1 billion, said its stockholders approved the merger agreement. Shareholders representing over 75 percent of the issued and outstanding common shares eligible to vote, or over 99 percent ...

Garmin, the biggest maker of car navigation devices in the United States, has begun a hostile 2.3 billion-euro ($3.3 billion) cash offer for Tele Atlas, a Dutch digital-mapping company, trumping a bid by TomTom. The battle for Tele Atlas, the world’s No. 2 maker of digital maps, comes weeks after Nokia, the Finnish cellphone giant, agreed [...]

CHICAGO - Nokia has agreed to buy digital mapmaker Navteq for $8.1 billion in a deal that shakes up the GPS device market and underscores the intent of the world's largest mobile phone maker to use more navigation in its handsets and other products.

Nokia has agreed to buy digital mapmaker Navteq for $8.1 billion in a deal that shakes up the GPS device market and underscores the intent...

LONDON (MarketWatch) -- Nokia Corp., aiming to secure a foothold in location-based services, said Monday it's agreed to buy digital-map provider Navteq Corp. for $8.1 billion in one of its largest-ever acquisitions.

Nokia agreed to acquire navigation-software maker Navteq for $8.1 billion, marking what would be one of its largest-ever corporate acquisitions.

LONDON (MarketWatch) -- Mobile phone giant Nokia said Monday that it has agreed to buy Navteq for $78 a share, or $8.1 billion in total. The acquisition has been approved by the board of directors of each company and is subject to customary closing conditions. Navteq provides digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. The acquisition is expected to close in the first quarter of 2008. Nokia said that the deal is not expected to affect share buybacks or its future cash distribution strategy. The deal is expected to be dilutive to Nokia earnings in 2008 and 2009 on a reported basis. On a cash basis, Nokia expects the deal to be only slightly dilutive in 2008 and slightly accretive in 2009. Nokia shares fell 2.6%.