BMW, Daimler and Audi Clinch Purchase of Nokia’s Maps Business – Wall Street Journal

Posted: Tuesday, August 04, 2015

Germany’s biggest auto makers have clinched a deal to buy Nokia Corp.’s digital mapping business, beating out rival bidders for some of the vital technology for self-driving cars in a €2.8 billion ($3.1 billion) acquisition.

The deal is a coup for BMW AG, Audi AG and Daimler AG, the front-runners to buy the business for some weeks, as the auto industry and Silicon Valley technology companies jockey for position to develop and equip…

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