According to the Wall Street Journal, the German car manufacturers will buy the Nokia digital mapping service Here. Audi, BMW and Daimler will buy the unit with 2,5 billion euros according to the WSJ. The deal is expected to be finalized by the end of this month.

Nokia has been on and off with the negotiations, but if this deal proceeds it will mean that Nokia will focus on wireless network equipment and services. Nokia is also in the process of buying the French Alcatel Lucent with 15,6 billion euros.

Nokia shares has been up with over 330 percent during the last three years. Today the share fell by nearly 2 percent to 6,2 euros.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s