Nokia considers sale of map business HERE: report
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming