Nokia HERE Maps for sale: Audi, BMW and Daimler potential buyers?

July 22, 2015

Selling for $2.71 billion.

Nokia’s HERE Maps may have already found its buyer. A report claims that the company is looking to sell its mapping business to German automobile makers Audi, BMW and Daimler.

Citing WSJ’s report: “Nokia has been negotiating exclusively with the three car makers over the sale of the company, whose development of high-definition real-time digital maps is seen as a core technology in the development of self-driving vehicles, and a vast array of future automotive safety systems. The car companies intend to purchase all of Nokia Here and then invite other global auto makers to take stakes in the company, the person said.”

Nokia’s HERE Maps was one of the services that the company offered with some of its mobile devices that eventually moved on to the Windows Phone platform. HERE Maps is also available on iOS and Android devices and offers turn-by-turn and offline navigation.

by Victor
Tech Enthusiast and Movie Buff.