Setting a new course,
$8.1 billion buyout plan.
Stakeholders of Navteq, the top mapping service, voiced no objections to the all-cash deal. The move plots the Finnish phone giant squarely in the middle of the GPS navigation business, which encroaches on the mapping device dominance of rival
Last month, while the Nokia deal was pending, Garmin managed to renew a supply contract with its map vendor Navteq until 2015, with the option to go to 2019.
Nokia's move launched a bidding war between Garmin and
for the No.2 map maker
. Garmin later backed out.
Navteq shares rose 4 cents to $74.64 and Nokia was up 73 cents to $39.74 Wednesday.