A few months ago I told you that BMW, Audi and Mercedes made an offer to acquire Nokia's maps division for the amount of 2.55 billion euros, the three car manufacturers intending to use the software in their own cars.
The past few days the general meeting of Nokia shareholders approved the sale of the HERE Maps division to the three giants for the amount of 2.5 billion dollars, it will be used to finance the acquisition of Alcatel-Lucent's mobile phone division.
After selling its mobile phone and map divisions to Microsoft and BMW, Audi and Mercedes, Nokia will now spend $15.6 billion to buy Alcatel's mobile phone division and become a mobile phone maker next year. .
Basically, Nokia turned into a new company after a massive restructuring that saved it from bankruptcy, but left it without extremely important divisions, but in the end, it returns to what made it famous in its entirety world, the development of mobile phones.
Nokia announced today that it has completed the sale of its HERE digital mapping and location services business to a consortium of leading automotive companies, including AUDI AG, BMW Group and Daimler AG. Based on the current estimates of such adjustments, Nokia received net proceeds from the transaction of approximately EUR 2.55 billion at closing.
Although BMW, Audi and Mercedes are now buying Nokia HERE Maps, it is not known how long it will take until the data will actually reach the cars sold by the three big manufacturers, but probably by the end of 2016 we will see the first integrations made.
