Brussels objects to TeleAtlas TomTom deal

The European Commission is sending a ‘statement of objections’ to Dutch satellite navigation system maker TomTom about its plans to buy its main map supplier, Tele Atlas, Reuters reported at the weekend.

TomTom, the world’s biggest maker of car navigation devices, had earlier offered various solutions to meet Commission concerns that the deal would be anti-competitive, Reuters said, quoting un-named sources.
Reuters says the statement does not mean the deal will be rejected but does make it more complicatied. TomTom will now have to come up with better answers to the Commission’s objections.
TomTom declined to comment on the report but said it remains positive and committed to the deal.

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