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Nokia announced close to selling the unit Maps for German carmakers.
July 21, 2015, May 34 EDT July 21, 2015, October 02 EDT.
Nokia Oyj is almost a deal to sell its card business in a luxury manufacturers group German cars, including BMW AG, according to people familiar with the matter.
An agreement could be reached next week, with a targeted ad for around July 31, said the people, who asked not to be named because the negotiations are private talks could still fall apart as the BMW consortium Parent Daimler AG Mercedes-Benz and Audi AG hammered the final details such as intellectual property rights, people said that automakers can pay Nokia about 2 5 billion euros 2 7 billion for the unit, known as ICI, Manager Magazin reported.
The sale would complement Nokia's transformation into a wireless equipment provider.
The representatives of automobile manufacturers and Nokia spokesman based in Espoo Finland, declined to comment Nokia has sought to 4 billion HERE, people familiar with the matter said.
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BMW, Audi and Mercedes are usually fierce competitors as they compete to the role of world leader in luxury car sales Although they cooperate from time to time, team up during an acquisition of this magnitude would be without Google Inc. Last test its own self-driving cars, offering shows here the importance of ensuring access to detailed maps as intelligent cars of tomorrow will need.
Nokia's shares fell to 2 percent, reversing earlier gains and fell 1 percent to 4 m 42 percent in Helsinki.
Mapping TomTom NV competitor Netherlands fell 6 percent 7 in Amsterdam Harold Goddijn, CEO of TomTom, earlier in the day, declined to comment on Nokia's negotiations and whether his company was also talking to takeover candidates potential.
Automakers, who are eager to protect the data driver of Google, Nokia first approached a sale as their main source of income is HERE, they have had the upper hand in the competition to acquire the company provides them HERE map data in approximately 80 percent of cars with navigation systems dash in North America and Europe.
Other companies interested in ICI included Apax Partners and Uber Technologies Inc people familiar with the matter said.
The sale would complement Nokia's transformation into a wireless network equipment supplier, after leaving mobile phones in 2014. The company has agreed to buy rival networks maker Alcatel-Lucent SA for June 15 billion in April for better compete with Huawei Technologies Co. And Ericsson AB.
While digital cards have won the users, Nokia's foray into the company didn t live with expectations The company has built its unity cards by buying Navteq Corp. For 8 1 billion in 2008, and has also acquired other location technology companies.
ICI has provided mapping data for a simulated city 32 acres to 13 hectares used to test self-driving cars in Michigan TomTom said today that the German auto parts supplier Robert Bosch GmbH uses its high precision maps in automated test vehicles.
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Nokia announced close to selling the unit Maps for German car manufacturers, Nokia said, close, sale.