Nokia Plots Yet Another Course for Its Navteq Unit
Nokia has indicated that it will change the way it manages its Navteq mapping business moving forward. Though Navteq has operated independently from Nokia since it was acquired in 2007, Nokia now believes it is best to combine Navteq with its in-house, location-based services business. Moving forward, Nokia's Michael Halbherr will oversee this new unit, and Navteq's CEO, Larry Kaplan, will depart at the end of the year. Nokia CEO Stephen Elop said that the company will continue to make its map data and other location-based services available to outside companies, and it fact, Nokia hopes to expand this part of its business. The changes go into effect July 1. Nokia and Microsoft will use Navteq's map data for a future Windows Phone 7 mapping service, scheduled to launch after Nokia's first WP7 handsets debut.
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.
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 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 to Pare Down Its Technologies Unit
Nokia today said it intends to cut about 70 jobs from its Technologies unit. "Nokia Technologies has revised its long-term strategy and will consequently reshape [the] organization.