Nokia acquires Navteq

One big and noteworthy acquisition is Nokia's $8.1 billion purchase of mapping company Navteq. It is easy to focus on tagging, user created content, RSS, AJAX etc when talking about Web 2.0, but one should not forget that data is the next Intel Inside as Tim O'Reilly wrote in his What is Web 2.0 article. Also $8.1 billion is far more than any new Internet company, sans Facebook, has been valued in the last few years. Worth noticing.