Three German carmakers reportedly in talks to buy Nokia’s Here mapping service

Audi, BMW, and Daimler are reportedly in talks with Nokia to buy the company’s mapping service. The deal is estimated to be worth over US$2.71 billion. A source told The Wall Street Journal that Nokia has been talking exclusively with these three car manufacturers. The agreement could be signed within the next few days.

There is a possibility though that the car companies might invite other brands to buy stakes in this. According to the source, the goal is to make the service an open platform for everyone. So they don’t have to rely on third-party platforms like Garmin and Google. Uber was supposedly in talks to buy Here but they gave up on bidding several weeks back. Another possible outcome of the takeover is it’ll help companies develop self-driving cars.

Source: The Wall Street Journal | Via: Apple Insider