Reuters reports that the German consortium – Daimler, BMW, and Audi – is having difficulties reaching an agreement over the sale price and structure of a potential deal with Nokia for its HERE maps business.
Talks with the other interested parties, which include Uber and Baidu, and Tencent are not of interest anymore.
“Talks have not broken down, but they are at a delicate stage of brinkmanship,” said one of Reuters’ sources. Analysts have estimated HERE’s value at $2.2 billion to $4.4 billion.
The German automakers are interested in the Nokia’s mapping business which could serve as an essential component to self-driving technology. That advanced technology of self-driving cars heavily relies on detailed maps that help the software create driving routes.[Source: Reuters]