Verizon to buy GPS vehicle tracking company in a $2.4 billion deal
Verizon Communications said it will buy GPS vehicle tracking company Fleetmatics Group for about $2.4 billion in cash to expand into the connected vehicle and fleet management market. Verizon, the No. 1 U.S wireless company, will pay $60 per Fleetmatics share, a premium of about 40 percent to Friday's close. The deal is expected to close in the fourth...