Nokia buys gate5 navigation provider

Aug 31 2006 - 01:57 PM ET | Nokia

Nokia has made another content acquisition, this time it's Germany-based gate5. Earlier this month Nokia bought out Loudeye to help build a Nokia music store. Nokia is predicting rapid growth in the personal navigation vertical and hopes to jump on board:

The acquisition of gate5 is an important step in developing the new product category of multimedia computers that offer people multiple ways to connect to information, entertainment and other people.

Nokia will continue to support all of gate5's customers and will also keep up multi-platform development (Symbian, Linux, Windows Mobile, Palm and Java). Look for navigation support to be added to the Nokia 770.