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News Breaks October 16, 2012 08:10 EDT TNAV TeleNav acquires hyper-local mobile advertising company ThinkNear TeleNav announced that it has acquired Local Merchant Services, Inc., d.b.a. ThinkNear, a privately held hyper-local mobile advertising company located in Los Angeles, California, for consideration of $22.5M, consisting of approximately $18.5M in cash, plus restricted stock and assumed options. The acquisition, which closed on Oct. 10, added ThinkNear's team of twelve employees, including its two co-founders, to Telenav's mobile local advertising group. Telenav will combine ThinkNear's targeting technology with the existing Telenav Drive-To Advertising solution to create a new mobile local advertising platform called Scout Advertising. News For TNAV From The Last 14 Days Check below for free stories on TNAV the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. There are no results for TNAV Sign up for a free trial to see the rest of the stories you've been missing.