SECTOR
Technology
TRANSACTION TYPE
Sell-side M&A
CLOSING TIME
01/02/1989
Transaction by Michael von der Heydt
Reference Transaction
Advising Etak Inc. on the sale to News Corporation
Represented by Michael von der Heydt
Etak Inc. was a pioneer in digital mapping and navigation systems, founded in the United States in 1983. The company developed the first digital map database and was a leader in the development of navigation systems for the automotive industry. Today, the technologies developed by Etak continue to be used in various navigation and mapping applications, including in-car navigation systems and mobile mapping apps.
News Corporation is a media and information services company founded by Rupert Murdoch in 1980. The company is headquartered in New York City and operates in various segments, including news and information services, book publishing, digital real estate services, and cable network programming. News Corporation's brands include The Wall Street Journal, HarperCollins Publishers, Move, and Foxtel. The company has a global presence and is committed to providing high-quality content and services to its customers. News Corporation is listed on the NASDAQ stock exchange and has a diverse portfolio of assets and investments.
Transaction Team
Following transaction team facilitated the transaction.
About the sector
Technology
The German technology sector plays a significant role in the digital era. The industry is not only an important economic sector with an annual turnover of over EUR 280 bn, over one million jobs and a share of almost 7% of total economic output, but also a key driver of innovation that influences and promotes other sectors.
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