TomTom Weighs Options Amid Nokia Maps Deal

TomTom NV, the Dutch maker of navigation software and devices, is exploring options that could lead to a sale as mapping technology draws growing interest from potential buyers, according to people familiar with the matter.

TomTom is attracting companies and investors who were looking at Nokia Oyj’s maps business HERE, which it agreed to sell to German carmakers on Monday, the people said, asking not to be identified because the discussions are private. While the $2.5 billion Dutch firm is speaking to possible advisers, there is no formal process underway and TomTom may decide against pursuing a sale and instead focus on investments, they said.