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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Apps»Nokia Intends to Sell Its Here Maps Division 

    Nokia Intends to Sell Its Here Maps Division 

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    By Chidi on April 23, 2015 Apps, Business, News

    Nokia has been trying to sell its HERE Maps division due to it losing revenue which makes the mapping service is still struggling, and as a result Nokia is reportedly seeking companies to buy it. According to a report recently published by Bloomberg, Nokia is currently targeting several different companies in an effort to get one of them to buy the division and take it off its hands. The report claims that Nokia is seeking around $3.2 billion for its maps business which Nokia bought back in 2008 for upwards of $8.1 billion.

    The report indicates Nokia is looking at Alibaba, Amazon, Facebook, Sirius XM, Baidu and especially Apple for this purchase. Nokia has been repositioning itself to focus on selling network equipment after purchasing Alcatel-Lucent for 15.6 billion euros just last week. Ditching the maps division would mean one less thing distracting from that goal.

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    Chidi
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