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All posts tagged "Here"

Posts tagged "Here"

  • Intel acquires 15% of HERE, expect collaboration

    By on 4 January, 2017

    Chipmaker Intel has agreed to buy a 15% stake in mapping company HERE, it has announced. The deal, which is expected to close in Q1 2017, will also see the two companies working closely together. The two firms will be collaborating "on the research and development of a highly scalable proof-of-concept architecture that supports real-time updates of high definition (HD) maps for highly and fully automated driving". HERE and Intel say that the architecture and associated mapping updates are planned to make autonomous driving as safe and reliable as possible. Intel's agreement to acquire a stake in HERE serves as more proof of the...

  • Nokia sells its Here mapping business to Audi, BMW, and Mercedes for $3 billion

    By on 3 August, 2015

    Nokia, after much speculation and bidding, has announced that it has agreed to sell its HERE digital mapping and location service business to an automotive industry consortium at an enterprise value of €2.8 billion (US$3.07-billion). The automotive consortium comprises of AUDI AG, BMW Group and Daimler AG. Rajeev Suri, President and Chief Executive Officer of Nokia, said: "With this step we complete the latest stage of Nokia's transformation. We will focus on our planned combination with Alcatel-Lucent”. Suri went on to reveal Nokia’s focus moving forward. He stated that the company will after the deal is completed focus on...

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  • Uber’s $3bn bid for Nokia’s Here Maps is the one you want to be successful

    By on 8 May, 2015

    According to the New York Times, Uber is rumoured to have put a bid for Here, Nokia’s mapping product. This is great news, not just for Uber but for the Uber user. Amongst its shortcomings, Uber’s mapping is shoddy at best. Often Uber drivers wonder off into the wild, heading in the wrong direction, when the pickup location had been clear and showed the right location on the user’s mobile device. Going up against Uber though is a consortium including German carmakers such as BMW, Mercedes-Benz, and Audi and Baidu, China's biggest search engine. Facebook announced a partnership with...

  • Nokia agrees to buy Alcatel-Lucent for $16.6bn, puts HERE on sale

    By on 15 April, 2015

    Nokia is going to buy Alcatel-Lucent for $16.6 billion in shares. Once the merger is completed Alcatel-Lucent will take on the Nokia name. Though the deal has been approved by both companies’ boards, its completion is subject to receipt of regulatory approvals and other customary conditions. Nokia said that it expects, once everything has been completed, to close the deal on the first half of 2016. In a statement, Nokia President and Chief Executive Officer, Rajeev Suri, said “Our innovation capability will be extraordinary, bringing together the R&D engine of Nokia with that of Alcatel-Lucent and its iconic Bell...

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  • Nokia’s new mapping service is HERE and set to hit iOS and Android

    By on 14 November, 2012

    Maps are important, just ask Apple. There is superior mapping software though, and it belongs to Nokia. Nokia's new mapping product HERE is not yet "here", but it is a GPS app for iOS and Android, made the Nokia way. Nokia says, HERE is the "first location cloud" software and is going to be a free download when it lands on various Android and Apple products later in the year, or Q1 2013. Nokia HERE is an HTML 5 app with voice-guided walking, an offline mode and a guide for public transport. All very handy for those wanting to explore their...

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