Saturday, August 28, 2010

Mitac acquires magellan gps consumer products division

Magellan Navigation, Inc., of Santa Clara, California, announced it has entered into a definitive agreement to sell the Magellan consumer products division to MiTAC International Corp. of Taiwan. Closing of the transaction is anticipated in January of 2009. Financial terms were not disclosed.[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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