The long drawn saga of who s going to buy Nokia s HERE Maps could be close to a conclusion. The Wall Street Journal reports that the Finnish company is close to wrapping up a deal with a trio of German automakers including Audi, BMW and Mercedes. Also Read - CES 2020: 10 exciting products launched at the first tech expo of the decadeAlso Read - Mini Electric hatchback with 233km range could launch in India next year
The publication cites sources with close knowledge of the deal saying that it could be concluded within a few days. While Uber was once said to be interested in striking a deal with Nokia, but reportedly bowed out of the race. Also Read - Tesla faces imminent doom claims former GM Vice President Bob Lutz
The car makers are said to be buying HERE for slightly more than $2.71 billion, and will invite other automakers to buy a stake in the business. This would mean that most of the big car companies will be able to integrate Nokia s HERE maps into their infotainment systems as an alternative to Google Maps or TomTom.
These aforementioned automakers could take the advantage of not having to build a mapping service from scratch. Most of the companies are also rumored to be working on self-driving cars, and could integrate Nokia s mapping technologies.