Microsoft may have offered to buy part of Nokia's HERE maps division

HERE Maps, the mapping division of the Finland-based Nokia, might have a number of new buyout offers. That includes one from Microsoft to purchase a minority stake in HERE. Bloomberg reports, via its unnamed sources, that Uber Technologies, which was previously rumored to have offered $3 billion to buy the HERE Maps division, is now teaming up with Baidu and Apax Partners in a joint offer. It adds:

"Another group, comprising China's Tencent Holdings Ltd., NavInfo Co. and Swedish buyout firm EQT Partners AB, is also bidding for the unit, which may fetch as much as $4 billion, three of the people said, asking not to be identified because negotiations are private. Microsoft Corp. has offered to buy a minority stake, while three U.S. private-equity firms -- Hellman & Friedman, Silver Lake Management and Thoma Bravo -- are also in the running, the people said."

Yet another group, this time composed of German car makers Audi AG, BMW AG and Daimler AG, is also interested in purchasing HERE maps. Other companies that Nokia has been rumored to have approached include Apple, Facebook and Alibaba. Bloomberg says that the final bids for the division are due in two weeks.

Source: Bloomberg

I have been writing professionally about technology and gaming news for 14 years.

4 Comments
  • Let's hope Apple learns this & outbids MS. Sent from the iMore App
  • It would be great as I would be able to stop using Google Maps. As I'm in the UK Apple Maps is miles behind Google Maps still. Sent from the iMore App
  • Check the App Store for HERE. That's Nokia's. it also supports offline maps.
  • I've never had a problem with Apple Maps in the UK. Here maps is good for offline navigation though, although downloading the maps takes up quite a lot of the phones storage. Posted via the iMore App for Android