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In Open Navigation Tie-Up, Telenav Acquires Skobbler for $23.8 Million

Telenav has acquired navigation app Skobbler as part of a larger push around OpenStreetMap, it said today. The deal was worth $23.8 million in cash and stock. Telenav, which hired OSM founder Steve Coast last year, had been experimenting with using OSM in its own Scout navigation app.

This article originally appeared on Recode.net.

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