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Audi, BMW and Daimler near deal to buy "Here"

Boyd 2002 Points
According to an article in today's Wall Street Journal

"A group of German auto makers agreed to pay slightly more than €2.5 billion ($2.7 billion) for Nokia’s digital mapping service, prevailing over Silicon Valley bidders in a battle for a key enabling technology for self-driving cars."


  • Boyd 2002 Points
    edited December 2015
    And now it's final. Hopefully they will get rid of that goofy "Here" name in the process. ;)

    BMW, Daimler and Audi Clinch Purchase of Nokia’s Maps Business
    German car makers to acquire Nokia Here in deal worth $3.1 billion

    Updated Aug. 3, 2015 11:12 a.m. ET

    Germany’s biggest auto makers have clinched a deal to buy Nokia Corp.’s digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a €2.8 billion ($3.1 billion) acquisition.

    The deal is a coup for BMW AG, Audi AG and Daimler AG, the front-runners to buy the business for some weeks, as the auto industry and Silicon Valley technology companies jockey for position to develop and equip the next generation of cars.

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