Home  ›  News  ›

Audi, BMW, Daimler to Buy Nokia's HERE Maps

Article Comments  

Jul 21, 2015, 11:24 AM   by Eric M. Zeman   @zeman_e
updated Jul 21, 2015, 12:03 PM

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. By divesting the business unit, Nokia's chief remaining business will be providing telecommunications equipment to network operators. The car companies will run HERE Maps together, and plan to invite other car marks to invest in a stake if they wish. The three German car makers beat out Uber and private investors, which were also interested in HERE. Nokia bought mapping company Navteq in 2007 and rebranded its product HERE Maps. HERE Maps is a free app available to Android, iOS, and Windows Phone. Nokia did not confirm the Journal's story.

Related

more news about:

Nokia
Android
Windows
iOS
 

AD

Comments

This forum is closed.

This forum is closed.

No messages

 
 
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2020 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.