Here is the latest report that Nokia’s HERE Maps services sold to a consortium of German car makers which include BMW, Audi and Daimler AG for $3 Billion (€2.8 billion).
Nokia said that HERE’s focus is on “developing precise and accurate mapping as well as services that will enable an entirely new class of driver experiences, including highly automated driving.”
This purchase is a move from the premium car makers towards building their own platform for self-driving cars, which requires accurate mapping services and GPS technology.
On this deal, Rajeev Suri, President and Chief Executive Officer of Nokia, said that “with this step we complete the latest stage of Nokia’s transformation” which ultimately clears the way for the company’s aforethought merger with Alcatel-Lucent.
Afterwards, Nokia will remain left with two businesses: Nokia Networks and Nokia Technologies. The first one will continue to provide broadband services and infrastructure while the second will work on “advanced technology development and licensing.”