Apple could make bid for map firm TomTom, analyst says
Apple could make a bid for GPS and mapping company TomTom, according to an analyst.
In a note to investors today, Hans Slob, a Netherlands-based analyst at Rabobank International, said he believes there’s a 30 percent chance of Apple offering to acquire TomTom. The move, he said, would be designed to quickly handle any troubles Apple could be facing with its Maps iOS application.
“TomTom needs the cash from Apple, and Apple needs the know-how of TomTom,” Slob said, according to Bloomberg, which was first to report on the story.
It’s not clear if Slob was simply making a bold prediction or has some knowledge of Apple’s plans.