Diabytes
Nokia HERE News
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The alliance between automakers Renault and Nissan will launch more than 10 cars with self-driving technology.
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Germany`s premium car makers are close to a deal to buy Nokia`s HERE for between 2.5 billion and 3 billion euros.
Germany`s premium automakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to raise their chances of clinching Nokia`s map unit HERE by overtaking Internet bidders, two people familiar with the matter said.
Current growth rate suggests HERE will make more than 400 mn euros of annual operating profit after two to three years.
Telecom network equipment maker Nokia could decide not to sell its navigation business HERE when it has completed a review of the unit, its chairman said.
Nokia is considering selling its maps business HERE, a report by Bloomberg News said, pushing up shares in the Finnish company as well as its network gear rival Alcatel-Lucent.
HERE is expected to close the deal by the July-end.
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