Nokia could sell HERE Maps to German car makers


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.

source: Bloomberg

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13 Comments

1. shamrock

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...

8. Johnnokia

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

12. Android_Lollipop

Posts: 155; Member since: May 05, 2015

Is it?

15. SIGPRO

Posts: 2815; Member since: Oct 03, 2012

Yes it is! Nokia is not dead like may thinks, and they did not only make phones! They are huge on the network infrastructure side, and making a lot of money!

2. Neros

Posts: 1016; Member since: Dec 19, 2014

Here maps kinda sux tbh.

4. kurwa23

Posts: 2; Member since: Jun 17, 2015

Troll Much? What free offline mapping program do you use that's better and more elegant

6. jojon

Posts: 433; Member since: Feb 11, 2014

yeah, is that so,....try Apple navigation,

14. SIGPRO

Posts: 2815; Member since: Oct 03, 2012

Here maps sucks hahahahah, you must be trolling! Here maps kills ios maps and google maps!

19. hemedans

Posts: 755; Member since: Jun 01, 2013

Here map is future of self driving cars, Nokia made them with high resolution images of 68mp compare to 16mp of google maps, that's why car makers want it badly.

7. jojon

Posts: 433; Member since: Feb 11, 2014

kinda hope they don;t sell.

16. ksfzlzol

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.

18. vijaysivakula

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?

20. hound.master

Posts: 1044; Member since: Feb 27, 2015

Even if they sell it everyone should have the program except if Apple buys it.

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