Nokia in $8.1 Billion Navteq Acquisition

Cleary Gottlieb is representing Citigroup Global Markets as financial advisor to Nokia in Nokia’s acquisition of Navteq Corporation for $78 per share in cash. The deal, announced October 1, is valued at $8.1 billion.

Nokia is the world’s largest mobile device manufacturer.

Navteq is a leading provider of digital map information for auto and mobile navigation devices, internet-based mapping applications and government and business solutions.