Garmin has withdrawn its $3.3-billion bid for Tele Atlas, leaving TomTom free to nab the company. Instead, Garmin has struck a deal with Navteq, their current map data supplier, to guarantee access to that data through 2015. Via Engadget.

Update: TomTom’s new bid is valued at $4.2 billion (€2.9 billion). Via Engadget.