Uber is the latest name to join the list of companies looking to buy Nokia’s HERE maps business unit. The list already includes the likes of Facebook, a consortium of German car manufacturers and even Apple. Also Read - Windows 11 could be a free upgrade for you provided you fall in this category
Nokia is planning to sell its maps business unit, which was not part of the Microsoft acquisition as it focuses on strengthening its network business unit. The company announced it was in talks to acquire Alcatel Lucent. Also Read - Nintendo Direct E3 2021: Metroid Dread, Mario Party Superstars, a new Legend of Zelda and more
HERE maps was formed after Nokia acquired Navteq and is one of the world’s largest navigation service provider. It is one of the few players that offer offline navigation and competes with Google Maps. Also Read - Windows 11 leaked online: Centralised start menu, revamped UI, new widgets, here's what to expect
Uber has put in a bid of $3 billion for HERE Maps, which is currently valued at $2 billion, the New York Times reports. The product would be a good fit for Uber, which is currently valued at $40 billion. The taxi hailing service, currently utilizes Google Maps. Interestingly, Google Ventures had invested $258 million during Uber’s early days.