The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014.
/Sergio Perez
- Ride-hailing service Uber has submitted a bid for Nokia Oyj's (NOK1V.HE) map business, HERE, for as much as $3 billion, the New York Times reported, citing people with knowledge of the offer. Finland's Nokia said last month it had started a strategic review for HERE, a competitor to Google Maps, after announcing a takeover of network equipment rival Alcatel-Lucent (ALUA.PA).Uber is competing against a consortium of automakers, including BMW, Audi and Mercedes-Benz, the newspaper said, citing people with knowledge of the offer. The German automakers are teaming up with the Chinese search engine Baidu on the offer, the report said. (
nyti.ms/1QrdZYU)Uber declined to comment on the matter. The newspaper said a private equity firm has also bid and that Nokia is expected to announce the sale of HERE by the end of May. (Reporting by Subrat Patnaik in Bengaluru; Editing by Sriraj Kalluvila)
The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014.
/Sergio Perez
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