Uber is best known for giving people the chance to book taxis through its smartphone application, but the rapidly growing company has bigger ambitions than that.
Tech company makes $3 billion bid for Nokia's Here maps
Nokia had announced last month that it was considering selling the business which has prompted various buyers to make their interest known.
Nokia's Here Maps
Increasingly, Uber continues to cement its place as a logistics company. The aim is to deliver people and things within cities as quickly as possible – which means relying rather heavily on Google maps.
That may soon change. Uber has submitted a bid for Finnish tech giant, Nokia’s Here maps, for as much as $3 billion. Here maps has been Google’s only major competition in the map business and anyone who manages to acquire it would be getting the second largest market share.
Nokia had announced last month that it was considering selling the business which has prompted various buyers to make their interest known.
ADVERTISEMENT
Uber’s bid will have to compete with one already in the works from a consortium of German automakers, including Audi, BMW and Mercedes-Benz.
The automakers are also reportedly joining forces with Chinese search engine Baidu on the offer. A separate bid from an undisclosed private equity firm has also been submitted, and Nokia should announce the sale of its mapping unit by the end of May.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Fubara grows Rivers IGR by over 100%, less than 1 year after Wike's tenure
Plateau University suspends exams over killing of student
Nigeria laughing stock of the rest of the world due to insecurity - TY Danjuma
APC group claims Tinubu’s initiatives stimulating economic recovery
Plateau Gov urges calm after attack that led to death of 200-level PLASU student
NAFDAC reopens popular Ibadan supermarket shut for selling unregistered product
Gov Adeleke lavished with praise for providing water, sanitation facilities
CSO inaugurates campaign to combat electoral irregularities, promote reforms
Lagos arrests 10 fake officials for carrying out unauthorised enforcement
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT