You are here
Home > Latest Posts > News > Nokia News > HERE Maps > Uber joins bidding war for HERE with a $3 Billion offer

Uber joins bidding war for HERE with a $3 Billion offer

 

HERE Maps demoAfter German Car Makers BMW, Audi and Daimler along with Chinese giant Baidu launching a formal bid to acquire majority share in HERE, it is time for Uber to join the bidding war. Uber has reportedly offered a quite modest $3 Billion sum for acquiring HERE. The offer made by Uber pales in comparison to what German Car Makers are reportedly offering for a Majority stake. The consortium of German Car makers may offer “considerably more than €2 billion” for a majority stake in HERE.

We earlier reported how a number of big firms are interested in HERE and how German Car Makers are pressurizing Nokia against selling HERE to the likes of Facebook and Apple.

Now, if we consider CEO Suri’s statement that Nokia can be sold in part or full, it seems that Nokia may let Car Makers acquire majority stake or may sell only the connected-car business to them. Nokia may still keep a part of HERE either in form of a minority share or may decide to keep the HERE’s consumer & corporate business for itself.

Source

Advertisements
Nayan

Nayan has more than 10 years of experience of covering Technology and innovations. He is a big Nokia fan and Tech disruptions aficionado. He loves to review new cool gadgets and writing about Android, iOS, Gadgets and general Technology stuff. He has been associated with other well-known Tech sites WinCentral and GadgetOx since long.

He currently sports a Lumia 950 XL and Nexus 5X. Other interests include listening to Nu-Metal Hits and Kick-Boxing.
Write to him at Email: [email protected]

http://www.nokiapoweruser.com
  • Ofentse Letsholo

    This just shows that Nokia shouldn’t sell it, people really want it

Top