EU Formally Objects to TomTom-Tele Atlas Deal

Reuters reports that the European Commission has sent a statement of objections to TomTom over its proposed takeover of Tele Atlas. This is not an outright rejection; TomTom now has until May 5 to offer additional remedies to assuage EU concerns that the deal is anticompetitive. Via Engadget.

Previously: EU Investigates TomTom-Tele Atlas Deal.