Carmakers plot open future for HERE

Daimler, part of the consortium that is close to purchasing HERE, confirmed the mapmaker would become an open platform if the bid is successful. CEO Dieter Zetsche said the consortium, which also includes BMW and Audi, would make HERE’s software …

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Nokia’s HERE forms alliance for global public transit ticketing

Nokia’s mapping business HERE announced the formation of the Open Mobile Ticketing Alliance (OMTA), an initiative designed to develop global standards for people to buy public transit tickets on a single app in cities worldwide. HERE, which has been subject …

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Talks over Nokia’s HERE hit a difficult stage – report

A group of three German carmakers, which emerged as the leading bidder for mapping business HERE, are in a standoff with owner Nokia, said Reuters. BMW, Daimler and Volkswagen face less pressure to bid aggressively now rival consortia appear to …

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German car consortium adds private equity clout in battle to acquire Nokia’s HERE

The battle to acquire HERE, Nokia’s digital mapping business, continues to hot up after the three leading German car manufacturers involved in the bidding process teamed up with private equity firm General Atlantic to raise the consortium’s hopes of clinching …

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Uber may partner with Baidu to buy Nokia’s HERE as bidder interest grows

Following news that Uber bid as much as $3 billion to acquire Nokia’s mapping unit HERE, it is now being reported that the taxi hailing app maker is partnering with China’s internet search and maps provider Baidu, and private equity …

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German carmakers may need help in race for HERE – report

Car manufacturers Audi, BMW and Daimler, which reportedly clubbed together to make an indicative bid for HERE, Nokia’s digital mapping business, may need outside financial help if they are to fend off deep-pocketed competition. According to Reuters, “some investment bankers” said …

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Facebook, Nokia strike mapping deal

A potential buyer for Nokia’s navigation business, Facebook, has struck a deal with the Finnish company to use HERE for some of its mobile mapping, said Techcrunch. The social media giant confirmed it is testing HERE in the Android version …

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Nokia’s €2B mapping business attracts Facebook, Uber and others — report

Nokia’s HERE mapping business has drawn interest from at least four potential bidders — Facebook, Uber, a consortium of German carmakers and a US private equity group – according to Manager Magazin. The Finnish company announced last week it was …

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Nokia mulls sale of HERE mapping business

Nokia could offload HERE, its mapping business, as it looks to focus on its core networks unit and paying back debt, according to Bloomberg. Potential buyers include taxi app Uber, various private-equity groups and a consortium of German car manufacturers. …

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