Asian Surveying & Mapping
Breaking News
Isro’s PSLV-C53 places three satellites in orbit
The four-stage, 44.4m tall PSLV-C53 rocket that blasted off...
Chinese probe successfully maps entire Mars, sends stunning pictures
China's Tianwen-1 orbiter has mapped the entire of Mars,...
Israel Aerospace Industries Successfully Doubles Venµs Satellite’s Expected Service Life
Venµs changed altitude in space and will carry out...
South Korea launches KASS satellite to augment GPS
South Korea has successfully launched a precision aviation satellite...
China launches new batch of remote sensing satellites
XICHANG, June 23 (Xinhua) -- China successfully launched three...
Kenya launches nationwide airborne geophysical survey
Kenyan President Uhuru Kenyatta Tuesday launched the final report...
South Korea successfully launches home-grown Nuri space rocket
South Korea’s domestically built Nuri rocket successfully placed a...
Isro PSLV-C53 launch announced for June 30
The mission faced multiple initial delays, but was eventually...
Strong progress being made on the UK’s Geospatial Strategy
Annual plan published shows the Geospatial Commission’s progress on...
Israel Deploys Medicine Data-Map Skills to Avert Food Crisis
Even before the first wave of Covid-19 swept through...

February 11th, 2014
Alibaba Offers $1.45B for Chinese Digital Mapping Company AutoNavi

Alibaba, China’s largest e-commerce firm owned 24% by Yahoo (YHOO), offered to buy digital mapping company AutoNavi (AMAP) on Monday for $1.45 billion. The take-private transaction, valued at $21 an American depository share, represents a premium of roughly 27% to AutoNavi’s closing price on Friday. The offer would enable Alibaba to scoop up the remaining 72% of the company it does not already own as it seeks to diversify its portfolio to better compete with rivals like Tencent and Baidu. It acquired the initial 28% stake in AutoNavi last May. Read More