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GPS device maker Garmin has offered $3.3 billion for digital mapping service Tele Atlas. Rival TomTom offered $2.5 billion for Tele Atlas in an earlier bid. Currently, Garmin uses maps from Navteq. After that company was acquired by Nokia, Garmin started looking for other options. With $1 billion in cash, Garmin would finance the acquisition through cash and loans from several banks. What's this all mean? With Navteq off the market, expect something of a bidding war for Tele Atlas between Garmin and TomTom — and maybe Google. Garmin has an advantage here, though — it already purchased 5 percent of Tele Atlas on the open market. Shares in Garmin fell 11 percent after the bid was announced as investors worried that the purchase price could rise significantly. (Photo by AP/Reed Hoffmann)