Nokia to sell mapping business to car-maker group

Nokia has reached an agreement to sell its Here mapping and location services business to an automotive industry consortium consisting of Audi, BMW Group and Daimler, in a deal that gives the business an enterprise value of €2.8 billion ($3.1 billion).

The deal fits with the plans of the automakers to progressively introduce more Internet-based services and automation to assist drivers. Here is developing a location cloud that uses the data generated by vehicles, devices and...

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