FRANKFURT: Nokia after selling its mobile business to Microsoft now all set to sell mapping service to German car makers BMW, Audi and Mercedes-Benz for 2.8 billion euros ($3 billion), it said Monday.
According to a statement released by Nokia, the sale will bring 2.5 billion euros in shape of profit to the company.
The three German car makers said in a separate statement that they will hold equal shares in Here.
Here — a direct competitor to Google Maps — was bought by Nokia from the US tech company Navteq for $8.1 billion in 2008.
The sale, which will have to be approved by competition authorities, will keep it as an “open, independent and creative platform”, the car makers added.
The controversial taxi app Uber told the New York Times in May that it had made a $3 billion offer for the firm.
