Uber said to bid for Nokia's Here mapping business
Uber Technologies has bid for Nokia's Here mapping business, in a bid to reduce its dependence on Google, according to a newspaper report.
Uber Technologies has bid for Nokia's Here mapping business, in a bid to reduce its dependence on Google, according to a newspaper report.
It was a marriage of convenience for two industry giants whose past successes weren't helping them win in the red-hot smartphone market. One year later, it's hard to say that Microsoft's acquisition of Nokia's device business has produced the results its backers envisioned.
Microsoft has signaled that it may take a massive write-off of its Nokia acquisition, perhaps as early as July.
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Nokia has said it has entered into a memorandum of understanding to acquire Alcatel-Lucent in a deal that would value the French telecommunications equipment maker at €15.6 billion (US$16.5 billion).
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