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Uber reportedly loses out on bid to buy Nokia's HERE mapping business

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Himanshu 14 July, 2015

Nokia Uber

Uber has lost out on its bid to acquire Nokia's HERE mapping business, according to a New York Times report. The ride-sharing start-up had offered $3 billion.

As per the report, the unit might be sold to a consortium of German auto-makers, something which is in-line with what Bloomberg reported last month. However, negotiations are ongoing and a deal is not yet confirmed - Nokia is expecting at least $4 billion, while the auto-makers are looking to acquire the unit for less.

The report also notes that there is a possibility that Uber, which acquired San Jose-based mapping technology start-up deCarta back in March this year, could jump back in.

Via

Reader comments

N
  • No Matter
  • niH
  • 15 Jul 2015

Just make a symbolical yearly fee (for example 5 Eur.) I would pay for this exellent app.

  • Reply
?
  • Anonymous
  • 5Mb
  • 14 Jul 2015

Nokia invested much more in Maps than the 4 billions they are asking for. It's a bargain for any company looking into a mature mapping business

  • Reply
p
  • priya
  • 9xM
  • 14 Jul 2015

its very useful to find way searching.....best handset....

  • Reply
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  • Post your comment
Total reader comments: 8

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