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Wednesday, April 22, 2015

Facebook and Uber interested in buying Nokia HERE Maps, report says

Bidding over Nokia’s HERE Maps is apparently heating up, and now it turns out Facebook may be in the running as well. A new report from Manager Magazin in Germany claims the social network is interested acquiring in the mapping service, though it’s facing some steep competition.
According to earlier reports, Uber may also make an offer, and a group of German companies including BMW, Audi and Daimler are in the running as well. Manager Magazin notes that the trio of carmakers have already submitted an offer to Nokia, though they may not be willing to spend more than HERE’s current value of €2.1 billion.
Nokia recently confirmed interest in selling HERE following the news that it will buy Alcatel-Lucent for $16.6 billion. The mapping service will be a useful tool for any buyer looking to distance itself from Google Maps and other third-party alternatives.
That doesn’t mean a deal will necessarily happen. Nokia doesn’t seem particularly desperate to sell, though it may come around if someone makes an irresistible offer.

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