TeleNav Inc. (TNAV) announced that it has completed the acquisition of goby, a Boston-based local search engine and mobile application developer focused on offering users an easy way to explore and discover events and activities based on location.
Most of the eleven goby employees will join the TeleNav team and will remain in their current Boston location. The overall financial impact of the acquisition to TeleNav is not expected to be material to the financial results and cash position of TeleNav. Other terms of the acquisition were not disclosed.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.