Vodafone buys Wayfinder for $29.3 million

Only one day after announcing its mobile money transfer initiative together with Western Union, Vodafone has unveiled, today, its intention to buy Wayfinder.

And if you don’t know anything about Wayfinder (although you should), we’ll tell you.

Wayfinder Systems AB is a Swedish company that offers GPS applications for mobile phones running on Symbian, UIQ, Windows Mobile and other Operating Systems.

Vodafone is offering about 239 million Swedish kroner ($29.3 million) for acquiring all the shares of Wayfinder Systems AB.

 

Since Wayfinder’s Board of Directors has recommended the shareholders to accept the offer, it’s now only a matter of time until Vodafone will own the company.

So what does the new acquisition mean for Vodafone’s end users? Most probably, preinstalled Wayfinder applications in all the smartphones sold by the giant carrier in the future. And that’s pretty cool, isn’t it?

Via Press Release

Author: Ilinca Nita

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