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January 31, 2014 02:05 am GMT

Telenav Buys Skobbler For $24M To Power An OpenStreetMap Challenge To Google Maps

SkobblerLast summer we heard that German startup Skobbler was being courted as an acquisition target, in the wake of Google's purchase of Waze. Today Skobbler has achieved that exit -- albeit not Waze-sized -- selling to Telenav, maker of the Scout navigation app, in a deal worth just shy of $24 million.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DAMvZkrNFLo/

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