EU Takes A Closer Look At $8B Nokia-Navteq Deal

Law360, New York (March 28, 2008, 12:00 AM EDT) -- The European Commission has decided to dig deeper into Nokia Corp.'s $8.1 billion bid for Navteq Corp. to examine significant vertical competition concerns that have come up, confirming reports that surfaced last week of an in-depth inquiry.

The commission said Friday, the day its preliminary review expired, that the proposed deal had given rise to “serious doubts” about whether a union between the mobile telephone company and the digital mapmaker would impede competition in the market for navigable digital maps.

Nokia remained optimistic about the outcome...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.