“People”: TomTom Acquisition a Go; Expect Announcement on May 14

Bloomberg actually cited “wo people with direct knowledge of the case” on the matter:

The European Commission will clear the 2.9 billion-euro ($4.5 billion) purchase on May 14, a week before the regulator’s May 21 deadline to rule on the transaction, said the people, who requested anonymity because the decision isn’t public.

That’d be next Wednesday. TomTom of course said nothing.

Published Wednesday, May 7th, 2008

Written by Adena Schutzberg

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