• WSJ: 'Nokia Here' Mapping Service to be Acquired By German Auto Makers

    The Wall Street Journal is reporting Tuesday that a gaggle of German auto makers will acquire the Nokia Here mapping service.

    The report in question reveals that the automobile titans in question (Audi, BMW and Daimler) are poised to cough up some $2.71 billion for Nokia’s digital mapping service.

    The winning collective vid is rumored to be much higher than what some companies in the U.S. -- including a number of Silicon Valley firms -- were willing to pay, which is surprising given the booming interest in smart cars and other electronic vehicles.

    If a deal is struck, which isn’t yet certain, the German auto makers plan to invite other automotive companies such as Fiat Chrysler Automobiles NV, Renault SA, PSA Peugot Citroën, Ford Motor Co., Toyota Motor Corp. and General Motors Co. to invest in Nokia Here, two people familiar with the situation said.
    “The goal has always been to run the service as an open platform for everyone,” a source tells the publication. “The final signing could take place in the next few days.”

    All we know for certain is that Apple is not involved.

    Source: WSJ
    This article was originally published in forum thread: 'Nokia Here' Mapping Service to be Acquired By German Auto Makers started by Michael Essany View original post
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