GPS maker's shares soar after allowing rival TomTom to acquire map provider
(Newser) -
Garmin, the world’s top GPS producer, dropped its $3.3 billion bid for mapmaker Tele Atlas yesterday, allowing rival TomTom to seal the deal. That may prove a long-term disadvantage for Garmin, but investors love the non-deal, sending shares up 16%, their best gain in five years. “There’...
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