There have been a number of companies in the running to take over Nokia’s HERE Maps business, the front runners were a consortium of German car makers which include Audi, BMW and Mercedes.
According to a recent report, Audi, BMW and Mercedes have agreed to buy HERE Maps for $2.7 billion, the deal is not official yet.
The news comes in a report from the Wall Street Journal, who have said that the consortium of car makers will also invite other car makers to invest in HERE Maps.
The German car makers are planning to invite companies like Fiat Chrysler, Ford, Renault, Toyota and General Motors to invest in HERE Maps once the deal is done.
The deal between Nokia and Audi, BMW and Mercedes is expected to be finalized within the next few days, so we could get some sort of official announcement from the companies next week.
Source WSJ
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