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Startups & Tech

Nokia considers sale of map business HERE: report

Published Fri, Apr 10, 2015 · 03:16 PM
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[HELSINKI] Shares in Finland's Nokia jumped 5 per cent after a report by Bloomberg News, citing unnamed sources, said the company was considering selling its maps business HERE.

The business is attracting interest from technology companies and private equity firms, according to the report, which said that bids were expected soon. Nokia values HERE at around US$2.1 billion, the report added.

A Nokia spokesman was not immediately available to comment.

Shares in the company were up 5.2 per cent at 1448 GMT.

REUTERS

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