Nokia Completes Sale of HERE Mapping Services (yle.fi)

jones_supa writes: Nokia announced on Friday that it has completed the sale of its HERE digital mapping and location services business to a group of German car manufacturers made up of Audi, BMW and Daimler. The deal, which was announced in August, valued HERE at €2.8B. Based on the current estimates, Nokia banked net proceeds of €2.55B at closing, which was consistent with its earlier estimated net proceeds. The company expects to earn a profit of about €1B. The cash could come in handy during the first quarter of next year as Nokia shells out €15.6B to finalize its purchase of the French telecom giant Alcatel-Lucent. The Finnish company's shareholders rubber-stamped that deal during an extraordinary general meeting at Helsinki Ice Hall on Wednesday.

Comments

Here is for Cows

[Anonymous Coward]

You are all Money now. Money says Mooo. Mooo! Mooo! Mooo Money Mooo! Mooo says the Money. YOU LIQUIDIZED SUBSIDIARY!!!

Strange Journey

[Anonymous Coward]

So Nokia will own Bell Labs. The home of Unix moves to the home of Angry Birds.

Re:Strange Journey

[Anonymous Coward]

I'm sorry, did you mean:

$ mv /home/unix /home/angry-birds

?

Re:Strange Journey

[Anonymous Coward]

#!/bin/bash

STROKES=0
until true; do
  mv ~/mycock ~/yourmom
  mv ~/yourmom ~/mycock
  if [$STROKES -gt 10]; then
    break;
  fi
  STROKES=STROKES+1
done
echo "I successfully fucked your mom."

crappy overpriced healthcare law is kaput?

[Anonymous Coward]

uncovered,, cast adrift in a tide of guaranteed fatal corepirate nazi neogod choreographed never ending holycost wmd on credit perfect balance genocides? some still calling this 'weather'?

self driving cars

[Anonymous Coward]

I had an interview for Here Berlin for a Scala position. It was incredibly difficult and I didn't get the job, but I did find out what they've doing.

Why did auto companies buy Here? They're working on self driving cars.

Re:self driving cars

[Anonymous Coward]

No shit, Sherlock. That's exactly what TFA says.

what3words

[Anonymous Coward]

But will it support what3words? Of course, I couldn't be bothered to read TFA to find out.

heh

[Anonymous Coward]

I hope with this money plus Alcatel, Nokia will be back in the phone biz. Concentrate on Firefox and Android please.

Re:heh

[Anonymous Coward]

Being telecoms infrastructure companies, Nokia (and A-L) never was out of the phone business in the sense that none of your Samsung, Apple, LG, etc etc phones work without the 4G,3G,2G etc etc infrastructure

HERE was good

[Anonymous Coward]

I used it in India, and it was pretty good. Did a fantastic job in places that were previously badly mapped.

For Microsoft, it's simpler, as they just have to put in Bing Maps.

Hope they keep the website working

[Anonymous Coward]

I find it to be the most functional "anything but Google" option for looking up directions.

Re:Hope they keep the website working

[Anonymous Coward]

It is also the only map service currently available for the Ubuntu phone. I wonder what will happen now.

shareholders rubber-stamped that deal

[quenda]

Do we have to have the rubber jokes on every Nokia story?
OK, bet they wished they'd worn one when they got into bed with Microsoft.

Their new slogan

[Shirley Marquez]

NOKIA: There's no Here here.