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Sunday, April 12, 2015

Nokia tipped to contemplate a sale of its HERE maps business

According to a report in Bloomberg, Nokia is contemplating a sale of its HERE maps business. The Finnish company allegedly wants to focus its efforts on growing its wireless network division, as well as improve its credit rating.
The ride-sharing powerhouse Uber and “a group of German carmakers” are reportedly among the potential buyers of the highly capable HERE maps. Bids for the service could be submitted as early as this month.
Nokia’s HERE business is said to carry a value of approximately $2.1 billion. It is worth noting that the former Finnish heavyweight paid $8.1 billion for Navteq Corp in 2008.

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