Nokia sells Here maps to auto consortium for $3.06 billion
by from Techreport on (#GA9J)
It doesn't seem like too long ago that Nokia went all-in with Windows Phone and differentiated itself with its Here map service. Since then, not only has the company sold its Devices and Services divion to Microsoft (which Redmond later restructured), but now the former mobile phone giant has also sold off the Here service . A consortium of automakers including Audi, BMW, and Daimler has purchased the unit for a2.8 billion ($3.06 billion).
Here president Sean Fernback believes the acquisition is good news for the group's customers and employees. Fernback said the change in ownership "will allow us to accelerate our strategy, further scale our business and ...