Nokia could sell HERE Maps to German car makers
posted by Florin T. / Jun 17, 2015, 6:14 PM
Nokia is looking to sell its maps division (including HERE Maps), and, as reported back in April, quite a few important companies are interested in buying it. According to Bloomberg, Nokia is currently "leaning toward" closing a deal with a powerful group of German carmakers: Audi AG, BMW AG, and Daimler AG (owner of Mercedes-Benz). However, it's said that Nokia is not yet happy with the price the German carmakers are offering, that's why it's still accepting bids from other companies, hoping to receive about $4 billion for the maps business.
Apple is allegedly also interested in buying Nokia's maps division, and so is Microsoft (which already acquired Nokia's devices and services unit), though it's said that Microsoft might only want to buy a "minority stake."
Bloomberg reports that "final bids are due this week", so it shouldn't be long before we find out the future owner of HERE Maps. That is, of course, if Nokia will indeed sell the maps business, because the company could still reject all bids - or at least that's what Bloomberg's sources are saying.
Posts: 75; Member since: Mar 29, 2013
4 billion dollars should be enough to bring back Nokia to its old glory again. Fingers crossed, hoping for the best...
posted on Jun 17, 2015, 6:55 PM 1
Posts: 1158; Member since: May 27, 2012
They already have lots of money. They acquired Alcatel-Lucen for $17 billion, more than twice the price of their devices and services
posted on Jun 17, 2015, 10:51 PM 1
Posts: 1016; Member since: Dec 19, 2014
Here maps kinda sux tbh.
posted on Jun 17, 2015, 6:58 PM 1
Posts: 2; Member since: Jun 18, 2015
$4 billion for HERE... Didn't they buy Navteq alone for $8 billion? So they're hoping to sell it for a $4 billion loss? And that isn't even counting operating expenses over the years. Good management! Normally businesses try to generate profits, rather than losses. Maybe it's something to do with the Social Networking business model.
posted on Jun 18, 2015, 3:59 AM 1
Posts: 229; Member since: Aug 17, 2011
NNOOOOO!!!! Just when I am about to move to Windows Phone from Android. Where will I get such good Maps software again?
posted on Jun 18, 2015, 4:02 AM 0
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):