December 5, 2015 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/OQEEQ9OthCk/nokia-completes-sale-of-here-mapping-services
Nokia Completes Sale of HERE Mapping Services
jones_supa writes: Nokia announced on Friday that it has completed the sale of its HERE digital mapping and location services business to a group of German car manufacturers made up of Audi, BMW and Daimler. The deal, which was announced in August, valued HERE at a value of €2.8B. Based on the current estimates, Nokia banked net proceeds €2.55B at closing, which was consistent with its earlier estimated net proceeds. The company expects to earn a profit of about €1B. The cash could come in hand during the first quarter of next year as Nokia shells out €15.6B to finalize purchase of the French telecom giant Alcatel-Lucent. The Finnish company's shareholders rubber-stamped that deal during an extraordinary general meeting at Helsinki Ice Hall on Wednesday.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/OQEEQ9OthCk/nokia-completes-sale-of-here-mapping-services
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