Uber said to bid for Nokia’s Here mapping business
Uber Technologies has bid for Nokia’s Here mapping business, in a bid to reduce its dependence on Google, according to a newspaper report.Nokia said last month it was considering a possible divestment from Here as it reviewed strategic options for the business. The Finnish company made the announcement on the same day it revealed plans to acquire rival Alcatel-Lucent, which led to speculation that the company would like to sell off Here to focus on its core business of equipment for telecommunications service providers.The ride-hailing company has bid as much as US$3 billion for the business, The New York Times reported Thursday, citing people with knowledge of the offer. The bid is in competition with one from a consortium of German automakers, including BMW, Audi and Mercedes-Benz, which also could have the backing of China’s Baidu, according to the report.To read this article in full or to leave a comment, please click here