Report: $3.2 billion Sale of HERE to German automakers to be announced tomorrow

Report: $3.2 billion Sale of HERE to German automakers to be announced tomorrow
It is no secret that Nokia is looking to sell HERE and its entire mapping business. While a number of prospects have been named as potential buyers of the business, back in June it was reported that a trio of German auto manufacturers (Audi AG, BMW AG, and Daimler AG) were the leading candidates to make the purchase.

On Sunday, a published report says that the trio of car makers have agreed to shell out $3.2 billion for HERE. Now available on multiple platforms, HERE is considered one of the better mapping services available for mobile devices. That could explain why Apple and Microsoft were among the original names linked to the sale. Another group that was rumored to make a bid on HERE was ride sharing service Uber, teamed up with China's micro-blogging powerhouse Baidu.

The deal is expected to be announced tomorrow. The auto companies are interested in mapping because it can help navigate self-driving cars, changing routes where there is an accident. The mapping service can also help prevent collisions from occurring in a future where autos drive themselves.

For Nokia, the deal clears the decks so that it can focus on its $16.6 billion purchase of networking firm Alcatel-Lucent.

source: Reuters

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9 Comments

1. Tziggy14

Posts: 624; Member since: Sep 02, 2014

Well, looks like Google Maps will be in no real danger after all. Imagine Here maps being sold to a company with a much wider usage and customer base rather than car companies that people only use a couple times a day. But then again, I like the navigation of HERE when it comes to transit directions more.

2. Porsche918

Posts: 1; Member since: Jun 26, 2015

I hate modern cars. They tolerate people's lousy driving habit.

7. AlikMalix unregistered

That's why my fun car is a 1984 Porsche.

4. iusshpandeh

Posts: 250; Member since: Jul 23, 2014

I use HERE Maps daily! :)

6. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

I sure hope this doesn't put an end to the Android app. Google maps is junkware on my OnePlus One. Demanding nonsense 24/7 spyware services (like Google Location Reporting) to be active just to determine my location. With Here maps, don't need to get scroogled just for the sake of navigation and it's 100% reliable on my OnePlus One...

8. AlikMalix unregistered

Hey, no trolling, but can't you disable tracking for google maps and just use it as a point to point directions without gps tracking? I can do that with Apple maps in permissions.

9. AlikMalix unregistered

EDIT: not in Permissions, but in Restrictions menu.

11. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Don't appear to have that option. Disabled Location Reporting Google Play service and it wasn't able to pinpoint my location, when I open the app and select the "My Location" button, it asks to reenable to 24/7 spyware service. With Here maps, instantly determines my location, no questions.

10. Tumaini1

Posts: 13; Member since: Mar 20, 2015

I use HERE every day. Will it still available for Windows Phone..? Hey luxury Car manufacturers don't take it all. We need HERE too. Can't buy those Beast Cars..Hell no!

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