Tech Company M&A Transactions
Traffic.com Acquisition
Traffic.com, based in Wayne, was acquired by Here. Here said the transaction price was $179 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/6/2006
Transaction Type
M&A
Amount
$179,000,000
M&A Terms
Navteq (later renamed to Here) will pay $47 million in cash and issue 4.1 million shares of its stock to finance the deal.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
851 Duportail Road
Wayne, PA 19087
USA
Wayne, PA 19087
USA
Phone
Website
Email Address
Not Recorded
Overview
Traffic.com, Inc. is the leading independent provider of traffic data, content, and services to broadcast media, consumer, government, and telematics markets. In 2006, Traffic.com was acquired by Navteq, which later rebranded to the company name Here.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Robert Verratti
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We record every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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