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German carmakers buy Nokia's maps business for $US3 billion

Mark Scott
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Nokia has sold its Here digital mapping unit to a consortium of German automakers for €2.8 billion, or about $US3 billion, marking the latest chapter in Nokia's transformation.

The Finnish company is trying to rebound from the demise of its once world-leading mobile phone unit, which was sold to Microsoft last year for about $US7.6 billion.

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    Original URL: https://www.afr.com/technology/german-carmakers-buy-nokias-maps-business-for-us3-billion-20150804-gir0fv