Robot hitchiker attacked, abandoned... Nokia sells Here mapping business to German car makers... Spy-spotting software comes to Wall St... and more tech news
Daimler - News, Features, and Slideshows
Nokia has reached an agreement to sell its Here mapping and location services business to an automotive industry consortium consisting of Audi, BMW Group and Daimler, in a deal that gives the business an enterprise value of €2.8 billion (US$3.1 billion).
Audi, BMW and Daimler will jointly purchase Nokia's Here digital mapping service for roughly $2.7 billion, and they plan to invite other auto makers to take a stake in the company as well, according to reports published on Tuesday.
Automotive giant Daimler has acquired two ride-sharing companies that could help the German company become a stronger competitor to Uber and Lyft.