TomTom has renewed and extended its global agreement with Apple for maps and related information.
No further details of the agreement will be provided.
Source: TomTom International BV
MacDailyNews Take: Terse. This one makes Apple PR seem verbose.
Reuters reports, “The renewal of the contract comes as Nokia reviews strategic options for its digital mapmaking arm HERE, the largest seller of mapping technology to carmakers.”
“Although analysts see Uber or a group of German carmakers as the most likely buyer of HERE, along with private equity firms, Apple had also been considered a candidate,” Reuters reports. “TomTom shares were sharply higher Tuesday.”
Read more in the full article here.
Related articles:
Nokia wants Apple to buy its money-losing HERE maps business – April 22, 2015
Nokia announces ‘HERE’ maps application for Apple’s iOS devices – November 13, 2012
Tim Cook open letter: We fell short with new Maps app; we are extremely sorry – September 28, 2012