Notes

Case No COMP/M.4942 - NOKIA / NAVTEQ - European for Beginners


<h1 style="clear:both" id="content-section-0">Some Known Details About Nokia buys Navteq - Financial Times<br></h1>
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<p class="p__0">A number of other big tech business were likewise apparently interested, and Facebook's switch to Here maps back in May set some tongues wagging. However it appears the German cars and truck giants were identified to have Here all to themselves. Why was Nokia's Here such a searched for residential or commercial property? And why did Nokia wish to offer? Here's a fast wrap-up of how Here happened.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://glimma.com/wp-content/uploads/nokia-header-v2.png" alt="Audi, BMW, Daimler Will Acquire Nokia's HERE Mapping Unit - Fortune"><span style="display:none" itemprop="caption">Nokia HERE Maps Come to Android, Pose a Threat to Google Maps</span>
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<p class="p__1">Nokia became associated with a 3D maps consortium called Inform, Maris, acquiring the underlying software application outright in 2006. It then made an existing mobile app called Smart2Go available free of charge download on Nokia and Windows Mobile phone. Quick forward to 2007, when Nokia got NAVTEQ for $8 billion. NAVTEQ was a company of digital map information for automobile navigation systems, cellphones, and other platforms.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.geoawesomeness.com/wp-content/uploads/2015/08/Nokia-Financial-Results.png" alt="Why Apple should acquire Nokia - Tristan Louis (TNL.net)"><span style="display:none" itemprop="caption">Nokia Maps brings voice-guided navigation to other platforms, pedestrians only for now - PhoneArena</span>
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<h1 style="clear:both" id="content-section-1">The 45-Second Trick For Nokia to Pay $8.1 Billion for Navteq - Bloomberg<br><img width="386" src="https://kimmerer.com/wp-content/uploads/2014/08/Loudon-Grove-0257-Edit-2.jpg"><br></h1>
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<p class="p__2">A handful of smaller acquisitions later on, Nokia rebranded what had actually been referred to as Ovi Maps as Nokia Maps in 2011, prior to changing the name yet once again to Here the following year. While Nokia has actually just recently welcomed other mobile platforms, with the launch of its GPS navigation app on both Android and i, OS, its big appeal for third-party companies lies in the quality of the mapping innovation that underpins it.</p>
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<p class="p__3">And for many, Here is an even more appealing proposition than Google Maps, considered that Nokia's offering provides complete offline access to entire countries and areas totally free. But while Look At This Piece was a huge selling point for users, it's not what companies interested in acquiring the service would have cared so much about.</p>
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<h2 style="clear:both" id="content-section-2">An Unbiased View of Fargo site involved in $8B Navteq sale - INFORUM<br></h2>
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<p class="p__4">And back in December, Nokia scored a significant deal with Chinese Web giant Baidu Maps. Nevertheless, Here has been a big gamer in the land of cars for a while, and it's stated that Nokia's mapping innovation powers around 80 percent of in-car GPS navigation systems. Over half of Here's $1 billion income in 2014 was created by the car industry.</p>
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<p class="p__5">For Nokia, the deal is everything about tidying up, combining, and restructuring. The company is a various monster from what it was when it acquired NAVTEQ 8 years earlier. It was clear that Here was ending up being a significantly odd fit for the company. Also, according to Nokia's latest Q2 financials, Here accounted for less than 10 percent of profits, with just a little operating profit to reveal for it.</p>
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Homepage: https://www.quora.com/Nokia-Why-did-Nokia-acquire-Navteq-at-US-8-1-billion-when-Navteqs-revenue-was-US-853-million/answer/Jorge-Johnson-13?prompt_topic_bio=1