Uber Wants To Buy Nokia's Mapping Services

jfruh writes: When Nokia sold its handset business to Microsoft, one of the services left that it intended to rebuild the company on was Here, its rival to Google Maps. But now a deal is said to be in the works to sell Here to Uber, a company that relies heavily on navigation services and that doesn't want to end up too reliant on Google, a potential rival in the futuristic self-driving car business.

Comments

Re:They better be fast

[fustakrakich]

Their core business is moving out of the taxi service and into financial markets. 3 Billion dollars, how long have these people been around to get that kind of money?

Re:They better be fast

[Anonymous Coward]

They got some dumbasses to take on all the risk while they get the profit - perfect Wall St material.

Re:Could be interesting, but will Uber last?

[Rei]

I think that's why Uber is trying to diversify, and fast. Amazing that so much money was thrown at this company whose business model was, as you put it, "basically illegal".

I'm going to start a netsharing company. We're going to put up wifi routers around town and charge people for net service, but we're not going to pay for the outbound connections. Instead we're going to wardrive around cities and wherever we find an poorly secured wifi network, we'll place a repeater there that routes our outbound net traffic through it. We'll be able to offer offer cheaper net access than everyone else, get a bunch of users, and thus a bunch of revenue, and we'll have a huge margin on our balance sheet. Who wants to toss us a few billion dollars?

Or maybe I should start a construction sharing company. We'll let anyone who wants to be a "builder" sign up and offer construction to anyone who wants the job done. No, they won't be licensed or have any sort of "permits", but that's not our issue, that's theirs. The point is, they'll be able to build things really cheap! And so we'll get a bunch of users, and thus a bunch of revenue, and we'll have a huge margin on our balance sheet. Who wants to toss us a few billion dollars?

Or maybe I should start a medicine sharing company... or a sex-for-money sharing company... or a software-license sharing company... or a gunsharing company... you see, if you add the word "sharing" to it, it's not really illegal!