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Nokia was deep in discussions on Sunday night to buy navigation software maker Navteq Corp the Wall Street Journal reported on its Web site on Monday, citing people familiar with the matter.

With a market value of $7.61 billion, Navteq would be one of Nokia’s largest-ever corporate acquisitions, the report said.

The two sides have been in discussions over the past few weeks, but it was still possible those talks could crumble over last-minute issues, the report said.

Nokia and Navteq were not immediately available for comment.

Source: WallSt.net

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