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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.
Tags: map
business
deal
buying
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
German carmakers buy Nokia's HERE maps unit
2015-08-03 19:48:32| Wireless - Topix.net
An Audi automobile features a high-tech, electronic dashboard. A consortium that includes Audi, BMW and Daimler announced Monday it is buying Nokia Corp.'s HERE map business.
European Car Makers Buy Nokia's Map Business
2015-08-03 19:02:38| PC Magazine Software Product Guide
The $3.1 billion acquisition by Audi, BMW, and Daimler/Mercedes-Benz is expected to close in early 2016.
German carmakers buy Nokia's mapping
2015-08-03 12:44:05| BBC News | Business | UK Edition
German vehicle manufacturers Audi, BMW and Daimler are buying Nokia's Here digital mapping business for 2.8bn euros (2bn).
Tags: buy
german
mapping
nokias
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