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Daimler, BMW and Audi Finalize Deal to Buy Nokia Here for 2.8 BN Euros

4 pointsby ilyaeckalmost 10 years ago

1 comment

mtgxalmost 10 years ago
Nokia acquired the original service for $8.1 billion in 2007 [1], and I don&#x27;t think it has ever been profitable with it. I remember when Microsoft offered to pay Nokia a billion dollars a year to use Windows Phone it was also to cover the large Navteq&#x2F;Here losses, which were quickly draining the company&#x27;s cash reserves (that Symbian was losing ~8% market share a year didn&#x27;t help).<p>[1] <a href="http:&#x2F;&#x2F;www.bloomberg.com&#x2F;bw&#x2F;stories&#x2F;2007-10-01&#x2F;nokia-to-pay-8-dot-1-billion-for-navteqbusinessweek-business-news-stock-market-and-financial-advice" rel="nofollow">http:&#x2F;&#x2F;www.bloomberg.com&#x2F;bw&#x2F;stories&#x2F;2007-10-01&#x2F;nokia-to-pay-...</a>