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Uber's Battle for Nokia's Maps Is Good News for TomTom
2015-05-20 18:46:27| Wireless - Topix.net
TomTom NV, the Dutch maker of navigation software and devices, rose to its highest level in almost six years as the company extended a licensing agreement with Apple Inc. and a bidding war for Nokia Oyj's map business intensified. The shares gained as much as 11 percent to 9.16 euros in Amsterdam after Bloomberg reported that groups that include Uber Technologies Inc. and Tencent Holdings Ltd. are bidding for the Nokia division, called HERE.
Here's why Uber may pay more than $3 billion for Nokia's maps
2015-05-08 18:49:10| Wireless - Topix.net
The business division -- called Here -- is considered a leader in navigation, mapping and location intelligence. The technology is used in car dashboards and smartphone apps, and the maps cover roughly 200 countries.
Here's why Uber may pay more than $3 billion for Nokia's maps
2015-05-08 18:28:39| Telecom - Topix.net
The business division -- called Here -- is considered a leader in navigation, mapping and location intelligence. The technology is used in car dashboards and smartphone apps, and the maps cover roughly 200 countries.
Huawei undeterred by Nokia's Alcatel-Lucent deal
2015-05-07 22:38:58| Telecom - Topix.net
China's Huawei Technologies [HWT.UL] is undeterred by the merger of telecoms equipment rivals Nokia and Alcatel-Lucent and will keep growing in Europe, its rotating Chief Executive Guo Ping told Reuters on Thursday. The merged European entity will become the global No.2 in wireless behind Sweden's Ericsson.
Tags: deal
huawei
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nokias
Car makers, Baidu prepare bid for Nokia's Here - report
2015-05-06 18:56:00| Telecompaper Headlines
(Telecompaper) Germany's big-three premium-brand auto makers are preparing an acquisition bid with Baidu for a majority stake in Nokia's Here mapping unit, the Wall Street Journal reported, with sources saying the bid values the unit at "considerably more than EUR 2 billion." BMW, Audi, and Daimler's Mercedes-Benz want to band together in order to prevent a company such as Google, Apple or Facebook from gaining control of a key part of the technology needed to run self-driving cars and in-car digital services, the sources said."The greatest threat to the automobile industry would be if Google developed an operating system for self-driving cars and made it available free to everyone," the source said. Talks have reached an advanced stage and are likely to conclude within the next two weeks. Although there are still no specific details such as price and the distribution of specific stakes, the German car makers are aiming to acquire a controlling majority. Baidu and an undisclosed financial investor in the group would acquire minority stakes. Nokia would retain a minority stake. Separately, Audi is expected to announce a "far-reaching cooperation" with China's Baidu at the China CES consumer electronics show in Shanghai later this month, the person said.
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