It has been a long search for the best buyer, but it seems that Nokia finally found somebody to buy and further develop their HERE Maps technology. As reported previously, it was thought that Microsoft will buy the HERE Maps technology, seeing that it wanted its mobile phone business. However, the recent change in the company led to believe that Microsoft may move away form the smartphone market.
Uber was interested in Nokia’s technology too, offering an outstanding $3 billion for it. But it looks like Nokia did not agree with what Uber had in mind for their technology, so they declined the deal after all. However, recently, there have been some rumours that some German vehicle maunufacturers were interested in the technology too.
Nokia declined to make any comments on the matter, but a new report surfaced and we finally know that the company is close to signing the deal with Audi, BMW and Daimler for $2.71 billion. This is less than what Uber offered, but Nokia did state that it would sell the HERE technology to someone who really has the means of improving it, didn’t they? Besides, the deal seems to be the best offer Nokia is going to get.
Besides, the German manufacturers want to use the high-definition real-time digital maps to help develop self-driving cars and automotive safety systems. On top of that, they also want other vehicle manufacturers to pitch in and help them with their plans. So as far as the details show, Nokia really hit their target on selling the technology for a lot of money and to a company, well companies, who have the means on improving it, don’t you think?
Thank you Android Central for providing us with this information