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Nokia Here said to be snatched up by Audi, BMW and Daimler for $2.7B

Katherine Noyes | July 22, 2015
The company's digital mapping technology is considered a critical element of self-driving cars.

The fact that the German car companies chose to buy Nokia's technology outright rather than license from competitors such as TomTom, Magellan or Google suggests that current licensing arrangements with those alternatives might be even more expensive, Llamas said.

Still, "$2.7 billion and you're lying in bed with some of your closest competitors?" he said. "There could be some challenges down the line."

 

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