Monday, 3 October 2011
Intel acquires Israeli mobile navigation firm Telmap ECO
TEL AVIV (Reuters) – Chipmaker Intel Corp has agreed to acquire mobile navigation software maker Telmap, the chief executive of the Israel-based company said on Sunday.Details of the deal were not disclosed but Israeli media said Intel is paying about $300 million to $350 million.Telmap CEO Oren Nissim declined to comment on the price and said the deal was expected to close before the end of the year.Telmap will become a wholly-owned subsidiary of Intel, which has two plants and four
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