Nokia's quest to sell off its HERE Maps division may have come to an end. A new report claims that the company is close to signing off on a deal that will sell the maps division to German-based car makers Audi, BMW and Daimler for over $2.71 billion.
Nokia put its HERE maps business on the block earlier this year, and it attracted a number of suitors. However, it was the trio of German car companies that apparently had the best offer, according to The Wall Street Journal:
"Nokia has been negotiating exclusively with the three car makers over the sale of the company, whose development of high-definition real-time digital maps is seen as a core technology in the development of self-driving vehicles, and a vast array of future automotive safety systems. The car companies intend to purchase all of Nokia Here and then invite other global auto makers to take stakes in the company, the person said."
Source: Wall Street Journal