Apple Could Acquire TomTom To Speed Up Improvements To Maps App

According to a report from Rabobank analyst Hans Slob, one of Apple’s key partners providing map data in the new Map app TomTom could be acquired by Apple. Today Bloomberg noted that Slob said there is 30% chance that Apple seeks to purchase TomTom in order to make quicker improvements to its new Maps app.

Today TomTom climbed by 7.2 percent to eight week high of 4.12 euros and currently its stock is valued at 906 million euros.