TomTom, Garmin Square Off Over Tele Atlas
AMSTERDAM, THE NETHERLANDS — TomTom and Garmin locked horns last week in a heated bidding war over who will own the single remaining independent GPS map maker, Tele Atlas. Garmin announced it plans to outbid TomTom by 15 percent with an offer to buy Tele Atlas for $3.3 billion dollars. As TWICE went to press, the Tele Atlas board accepted Garmin's intended offer and said TomTom had five d...

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