2 news that can explain interst in Tom Tom today...
- Uber to pour $500m into global mapping project - FT - http://www.ft.com/cms/s/0/e0dfa45e-5522-11e6-befd-2fc0c26b3c60.html#axzz4G3uPLjGG I believe it could be too late to invest in mapping business to build its own data, even if they many drivers than can potentially helped them...Uber is not waze...so don't think it will be the good strategy.
- Verizon Agrees to Buy Fleetmatics in $2.4 Billion Deal
TechCrunch on Fleetmatics Business : https://techcrunch.com/2016/08/01/verizon-buys-fleetmatics-for-2-4b-in-cash-to-step-up-in-telematics/
I have been talking for months (even years) fo this story and still think that it will make of lot of sens of this one to be taking over...45% of teh capital is still own by 4 shareholders founders of the company, and still believe that there many buyers out there...
stock was trading around the 6 a month a go, rallied almosxt 30% from there, but still down 33% YTD...
have a look.
Laurent