Nokia reportedly shopping its HERE Maps division to Apple, others

Nokia is reportedly shopping its maps division to Apple, among other tech companies.

According to a new report, Apple is one among many companies, including Amazon and Alibaba, that Nokia is targeting for a potential sale of its HERE Maps division. Bloomberg reports:

Nokia Oyj, the Finnish company selling its money-losing maps business, is trying to drum up interest from some of the biggest names in technology including Apple Inc., Alibaba Group Holding Ltd. and Amazon.com Inc., people with knowledge of the matter said.

The report goes on to state that Nokia is targeting other companies as well, including Facebook, Baidu, and Sirius XM.

It was reported earlier this month that Nokia may be looking to offload its HERE Maps division amid financial troubles. According to today’s report, the company is seeking to get $3.2 billion in any potential deal—much less than the $8.1 billion Nokia paid for the mapping assets in 2008.

While there’s no guarantee that Apple will be the one to snatch up Nokia’s mapping assets—it is just one of several companies Nokia is reported to be targeting—it could be an interesting acquisition that could potentially bolster Apple’s current mapping efforts.

Source: Bloomberg

Source: iMore

About Bhavesh Rabari

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