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Audi, BMW, Daimler buying Nokia's HERE map business in deal valued at 2.8 billion euros

2015-08-06 06:00:16| Wireless - Topix.net

A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.'s HERE map business in a deal that values the unit at 2.8 billion euros and secures their access to technology that could eventually be used for driverless cars. Nokia, based in Finland, has refocused its business on producing equipment for wireless networks after selling its mobile phone handset operation to Microsoft Corp. The company said it expects to receive slightly over 2.5 billion euros from the sale, with the purchasers being compensated for HERE liabilities totalling nearly 300 million euros.

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Audi, BMW, Daimler buying Nokia's HERE map business in deal valued at 2.8 billion euros

2015-08-06 04:08:47| Telecom - Topix.net

A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.'s HERE map business in a deal that values the unit at 2.8 billion euros and secures their access to technology that could eventually be used for driverless cars. Nokia, based in Finland, has refocused its business on producing equipment for wireless networks after selling its mobile phone handset operation to Microsoft Corp. The company said it expects to receive slightly over 2.5 billion euros from the sale, with the purchasers being compensated for HERE liabilities totalling nearly 300 million euros.

Tags: map business deal buying

 
 

These are GM's 6 Michigan sites getting $2.2 billion in upgrades

2015-08-05 16:53:54| Automakers - Topix.net

General Motors said in April it is investing $5.4 billion in its U.S. plants over the next three years.

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Devon Energy posts $2.8 billion loss

2015-08-05 07:27:32| Oil & Gas - Topix.net

Devon Energy Corp. on Tuesday recorded a second-quarter loss of $2.8 billion as tumbling oil prices led the company to write down the value of its assets. The loss translates to $6.94 a share, down from a profit of $675 million, or $1.64 a share in the second quarter of 2014.

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Devon Energy posts $2.8 billion loss

2015-08-05 06:53:05| Energy - Topix.net

Devon Energy Corp. on Tuesday recorded a second-quarter loss of $2.8 billion as tumbling oil prices led the company to write down the value of its assets. The loss translates to $6.94 a share, down from a profit of $675 million, or $1.64 a share in the second quarter of 2014.

Tags: posts loss energy billion

 

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