Tags archives: audi

Nokia confirmed it will sell its HERE maps unit to a German motoring consortium made up of BMW, Audi, and Mercedes for around 2.5 billion euros ($2.8 billion). According to Nokia, the transaction is expected to close in the first quarter of 2016 and is subject to regulatory approvals. Companies like Baidu and Uber were initially said to be amongst the potential buyers of Nokia’s digital mapping and location services business, albeit in recent weeks the German automakers emerged as leading acquirers, and perhaps, the only bidders. ...