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Car makers, Baidu prepare bid for Nokia's Here - report

Wednesday 6 May 2015 | 18:56 CET | News
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Germany's big-three premium-brand auto makers are preparing an acquisition bid with Baidu for a majority stake in Nokia's Here mapping unit, the Wall Street Journal reported, with sources saying the bid values the unit at "considerably more than EUR 2 billion." BMW, Audi, and Daimler's Mercedes-Benz want to band together in order to prevent a company such as Google, Apple or Facebook from gaining control of a key part of the technology needed to run self-driving cars and in-car digital services, the sources said."The greatest threat to the automobile industry would be if Google developed an

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Categories: Mobile & Wireless / Mobile & Wireless
Countries: World
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