Nokia acquires Navteq (2007-2008)
Nokia, the world's largest phone maker at the time, agreed in October 2007 to buy Navteq, the Chicago-based digital map provider, for about $8.1 billion. The Finnish company wanted control of the map data powering GPS navigation on mobile devices.
Nokia closed the deal in July 2008 and built its location services around Navteq's data.
Smartphone disruption wrecked Nokia's hardware business, and the company sold the mapping unit, later renamed HERE, to an automaker consortium in 2015.
Shows how large strategic buyers have acquired navigation and location data companies, and how those assets can later change hands when industry fortunes shift.
