SANTA CLARA, Calif.--(BUSINESS WIRE)--Telenav, Inc. (NASDAQ: TNAV), a leading provider of connected-car and location-based services, announces that SAIC, China’s largest automotive group, has selected Telenav’s VIVID® Nav solution for its overseas markets in Europe, Southeast Asia and Australia-New Zealand. VIVID Nav will provide navigation and location-based services for SAIC’s battery-powered electric (BEV) and internal-combustion engine (ICE) vehicles in those markets. Telenav’s VIVID Nav solution will provide SAIC customers with a connected navigation experience that is designed for Europe, SE Asia and ANZ, leveraging over ten years of Telenav’s experience serving local marke

SANTA CLARA, Calif.--(BUSINESS WIRE)--Telenav, Inc. (NASDAQ: TNAV), today announced that its stockholders have voted to approve the previously announced “go-private” transaction with V99 Inc., a Delaware corporation led by HP Jin, Co-Founder, President and Chief Executive Officer of Telenav, at the Special Meeting of Stockholders held earlier today. “Today’s results represent an important milestone in completing the transaction, and we appreciate the strong support we have received from Telenav stockholders,” said Douglas Miller, Lead Independent Director and a member of the Telenav Special Committee. “As a private company, Telenav will have additional flexibility and resources t

SANTA CLARA, Calif.--(BUSINESS WIRE)--Telenav, Inc. (NASDAQ: TNAV), today announced that leading independent proxy advisory firms Institutional Shareholder Services, Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), recommend that Telenav stockholders vote “FOR” all proposals to be considered and voted on at Telenav’s Special Meeting of Stockholders (the “Special Meeting”) in connection with the previously announced “go-private” transaction with V99 Inc., a Delaware corporation led by HP Jin, Telenav’s Co-Founder, President and Chief Executive Officer. The Special Meeting is scheduled to be held on February 16, 2021 at 10:00 a.m. PT. “We are pleased that both ISS and Glass Lewi

SANTA CLARA, Calif.--(BUSINESS WIRE)--Telenav®, Inc. (NASDAQ:TNAV), a leading provider of connected-car and location-based services, today released its financial results for the second fiscal quarter ended Dec. 31, 2020. In light of the previously announced proposed acquisition of Telenav by V99, Inc., Telenav will not host a conference call to discuss these financial results or provide outlook regarding future operating performance or conditions. Financial Highlights for the Second Quarter Ended Dec. 31, 2020 Total revenue for the second quarter of fiscal 2021 was $65.9 million, compared with $73.9 million in the second quarter of fiscal 2020. Services revenue for the second q

SANTA CLARA, Calif.--(BUSINESS WIRE)--Telenav, Inc. (NASDAQ: TNAV), a leading provider of connected-car and location-based services, today announced the expiration of the 30-day “go-shop” period under the terms of the previously announced definitive merger agreement, pursuant to which V99, Inc., a Delaware corporation led by HP Jin, Co-Founder, President, and Chief Executive Officer of Telenav, will acquire Telenav for $4.80 per share in an all cash transaction. The “go-shop” period expired at 11:59 p.m. PT on December 2, 2020. During the “go-shop” period, Telenav’s Special Committee, with the assistance of B. Riley Securities, Inc. (“B. Riley Securities”), Telenav’s financial advi

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