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Nokia confirms the sale of its HERE mapping and location service to a consortium of German carmakers, including BMW, Daimler AG, and Audi, for €2.8 billion. The deal is driven by the consortium's desire to compete with Google in the development of self-driving cars, positioning HERE as a crucial player in the future of the automotive industry. Other potential buyers, such as Uber, were also rumored to be interested in acquiring HERE.
Monday, 3 August, 2015