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Uber wants Nokia's HERE business

Taxi services provider Uber is making a bid for Nokia's HERE business.

Uber is positioning itself more and more as a logistics company, “delivering” people and things from point A to B in a timely matter – which means that the company is depending on map services (Google's Maps to be precise), according to a report in the New York Times. However, the Uber has made an offer for Nokia's HERE business – which is a competitor to Google Maps – of USD 3 billion, three people with insight of the offer told the New York Times. Nokia's is as you might know reviewing strategic options for HERE, which may well include a potential sale of the business. However, Uber is competing against a consortium of automakers (BMW, Audi and Mercedes-Benz) which have also expressed interest in Nokia's mapping unit, the report concludes.

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March 28 2024 10:16 am V22.4.20-1
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