Audi, BMW and Daimler to buy Nokia’s Here map business

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A consortium of German automakers Audi, BMW and Daimler are buying Nokia Corp.’s HERE map business to incorporate into automotive technology and eventually autonomous driving.

Monday’s announcement gave no price but previous news reports said it might be worth 2.9 billion euros ($3.2 billion)

Nokia, based in Finland, has refocused its business on producing equipment for wireless networks after selling its mobile phone handset operation to Microsoft Corp.

In a joint statement, the German automakers said HERE is "laying the foundations for the next generation of mobility and location based services." Read more…

More about Nokia, Audi, Bmw, Business, and Apps Software

from Mashable http://ift.tt/1MGZqRG
via www.EliteLimo.co

The post Audi, BMW and Daimler to buy Nokia’s Here map business appeared first on Elite Limo Blog.

from Elite Limo Blog http://ift.tt/1KLble3
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