Nokia's Here attracts 4 possible bidders - report

News Wireless Global 22 APR 2015
Nokia's Here attracts 4 possible bidders - report
Nokia's Here mapping and navigation division has attracted at least four potential bidders, according to the German publication Manager Magazin. These include Facebook, Uber and a consortium of German carmakers (BMW, Audi, Daimler). Nokia confirmed that Here is up for sale after it announced plans to merge with Alcatel-Lucent. Uber has reportedly already conducted due diligence at Here. The fourth possible bidder is the American private investor Hellman & Friedman, the report said. Here is estimated to have a book value of around EUR 2 billion. 

Categories:

Mobile

Companies:

NOKIASUS-20401-Newsfeed,  Nokia,  Facebook,  BMW

Regions:

Global

Tags:

Location Based Services, M&A buyouts & divestments

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