Nokia Makes HERE Sale to Audi, BMW, Daimler Official
Nokia today formally announced the sale of its HERE Maps business unit to a consortium of three German auto makers. Audi, BMW, and Daimler have agreed to buy HERE Maps for $3 billion. Nokia has been shopping the business unit since April, soon after it announced plans to acquire Alcatel-Lucent. The three car makers will act as investors in HERE, as well as customers of the mapping business and suppliers of data. Nokia said HERE-branded mobile apps will continue to be available to Android, iOS, and Windows devices. Nokia expects to complete the sale during the first half of 2016. Once finalized, Nokia will have two business units: its telecommunications equipment unit and its technology unit.
Audi, BMW, Daimler to Buy Nokia's HERE Maps
A consortium of three German automotive makers has agreed to purchase HERE Maps from Nokia for about $2.71 billion, according to the Wall Street Journal. Sources familiar with Nokia's plans say Audi, BMW, and Daimler (Mercedes) have fielded a winning bid for the mapping division, which Nokia put up for sale earlier this year.
Nokia Closes Sale of HERE Business to Car Companies
Nokia today said it has closed the sale of its HERE Maps business to a consortium of automobile manufacturers, including Audi, BMW, and Daimler. The sale leaves its telecommunications equipment unit as Nokia's core concern moving forward.
HERE Maps Updated for Android, iOS, and Windows Phone
Nokia today updated its HERE Maps products for the Android, iOS, and Windows Phone platforms simultaneously. Nokia says there are "millions of changes" to the maps, but calls out a few specifics.
Uber Attempting to Hail HERE Maps with $3B Bid
Uber has submitted a bid to purchase HERE Maps from Nokia for $3 billion, reports the New York Times. The bid is one of several and may not result in a sale, cautioned the Times' unnamed sources.