Sunday, 26 July 2015

Nokia's HERE Maps goes to BMW, Daimler and Volkswagen

Nokia has agreed to a deal with a consortium of German car manufacturers for the sale of Here Maps, for $2.71 billion (£1.73 billion). The deal would see Here Maps turn into an open platform, which all car manufacturers can use for navigation and mapping inside vehicles. Volkswagen (Audi’s parent company), Daimler (Mercedes-Benz parent company) and BMW are the main buyers. The three German manufacturers managed to worm their way out of paying upwards of $4 billion (£2.56 billion), which is what Nokia was apparently looking for when all of the interest started surging on Here Maps. Sadly, Nokia failed… [Continue Reading]

Read the full article here by BetaNews
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