Nokia has not indicated whether it will sell its HERE mapping business to a consortium led by German car makers, despite reports earlier this month that a deal was imminent.
Nokia said it is shifting its long-term strategy for its Nokia Technologies unit and will cut up to 70 jobs as a result. It's unclear at this point how Nokia's strategy for the division is changing.
Uber, the ride-booking service, is bidding for Nokia's HERE mapping unit, according to a report in the New York Times, which cited unnamed sources. The report said Uber's bid could be as much as $3 billion. Previous reports on the price for the HERE unit have reportedly hovered around $2.2 billion.
Nokia reportedly attracted four potential bidders for its HERE mapping business, after announcing it is reviewing the division's future alongside a proposed acquisition of Alcatel-Lucent.
Nokia is considering selling its HERE mapping unit to focus more on wireless network gear, according to multiple reports.
Nokia increased its 2015 operating profit goals for its Networks business, as it detailed a company-wide growth strategy and reaffirmed its commitment to restart dividend payments in the long term.
Nokia's HERE mapping platform is now available for download on Samsung Electronics' Galaxy smartphones, marking the first time Nokia is bringing its core mapping software to devices that run on Google's Android. Nokia announced a licensing deal with Samsung for HERE at the end of August.
Nokia said it will bring its HERE mapping platform to devices that run Google's Android software starting with Samsung Electronics' Galaxy smartphones. The deal represents a major win for Nokia since the company sold its devices business to Microsoft in April.
Nokia has appointed Cliff Fox as acting head of its Here mapping business from Sept. 1, after the division's current CEO, Michael Halbherr, resigned.
Nokia said it plans to buy U.S.-based Medio Systems to boost its HERE navigation, location and mapping division in what is the Finnish company's second acquisition for the business unit in two weeks.