Autoblog Minute: Nokia to sell Here mapping for $3.1B

In a three company partnership the German automakers BMW, Audi and Daimler are set to take ownership of Nokia’s Here mapping technology. Autoblog’s Eddie Sabatini reports on this edition of Autoblog Minute.

Show full video transcript text [00:00:00] In a battle for Nokia’s highly coveted mapping technology the auto industry claims victory over Silicon Valley. I’m Eddie Sabatini and this is your Autoblog Minute.

In a three company partnership the German automakers BMW, Audi and Daimler are set to take ownership of Nokia’s Here mapping technology. The Wall Street Journal writes that the automakers had concerns that the technology might fall under the

[00:00:30]control of companies like Google, Uber, or Apple. The purchase, worth a reported 3.1 billion dollars, is still subject to antitrust evaluation before it’s finalized; but this early news is already a big win for the German three. Ownership of Nokia’s Here tech means that automakers won’t lose control of the information systems that go into their cars. The deal, if approved, is expected to close in first quarter of 2016. For Autoblog, I’m Eddie Sabatini.

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Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what’s happening in the automotive industry from the perspective of Autoblog’s expert editorial staff, auto executives, and industry professionals.

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