The Upload: Your tech news briefing for Monday, Aug. 3
Robot hitchiker attacked, abandoned... Nokia sells Here mapping business to German car makers... Spy-spotting software comes to Wall St... and more tech news
Robot hitchiker attacked, abandoned... Nokia sells Here mapping business to German car makers... Spy-spotting software comes to Wall St... and more tech news
Nokia has reached an agreement to sell its Here mapping and location services business to an automotive industry consortium consisting of Audi, BMW Group and Daimler, in a deal that gives the business an enterprise value of €2.8 billion (US$3.1 billion).
Audi, BMW and Daimler will jointly purchase Nokia's Here digital mapping service for roughly $2.7 billion, and they plan to invite other auto makers to take a stake in the company as well, according to reports published on Tuesday.
Automotive giant Daimler has acquired two ride-sharing companies that could help the German company become a stronger competitor to Uber and Lyft.