German carmakers will buy Nokia's maps app for $2.7 billion, report says

The bidding war over Nokia's mapping app may finally be over.

Audi, BMW and Daimler will acquire Nokia's mapping division, makers of the Here maps app, for $2.7 billion, according to a report in The Wall Street Journal. The carmakers will buy the mapping service outright, then open it up to other car companies who may want to buy their own stake.

The report comes after weeks of rumors surrounding the possible acquisition of Here. Uber reportedly bid as much as $3 billion for the service, before dropping out of the talks. Uber acquired some of Bing's mapping technology last month for an undisclosed amount. Read more...