Well, this morning, Nokia is announcing that they are acquiring Navteq for $8.1 Billion in cash. Navteq’s stock had risen steadily recently upon acquisition speculation. Since I last wrote about Navteq on August 2, the stock has gone from $65.99 to $79.27, and is trading at $76.79 right now.
Nokia has made a very smart move here, as the cell phone and the GPS device are bound to converge, adding further intensity to the convergence device movement. The growing importance of Place and Location data has also prompted me to enhance my Web 3.0 definition: Web 3.0 = (4C + P + VS) + Place