You are here

German carmakers eye Nokia's map unit

Mercedes, Audi and BMW team up with private equity firm General Atlantic to bid for Here

BT_20150523_DNCAR23_1683667.jpg
THE BUSINESS IS HERE: Nokia's strategic review of its maps unit has set in motion an auction process that pits Internet players like Uber and Baidu against carmakers in a deal that could be worth up to US$4 billion.

Frankfurt

GERMANY'S premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit Here, according to two people familiar with the matter.

Finland's Nokia started a strategic review of

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom