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.
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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.