Nokia may be looking to offload HERE Maps

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What makes Nokia “Nokia” these days? The company’s sold off its smartphone manufacturing arm. We have that new Nokia N1 tablet, but that’s arguably as much a Foxconn product as a Nokia device. Is there any pure Nokia left? Well, on the software and services side we’ve continued to see progress, maybe most visibly though its HERE apps. But even that may not last forever, as we get word that Nokia could be considering selling off HERE Maps.

Nokia’s reportedly considering selling HERE in order to focus more on wireless networking, and while no deals may be moving just yet, bids on HERE assets are rumored to get started in the near future. Even if that does occur, there’s not guarantee that Nokia will sell, and whether or not HERE remains under the company’s control could depend a lot on just how much money it gets offered.

We haven’t heard the names of any specific companies that may be looking to buy HERE for themselves, but with a valuation north of $2B, it’s bound to include some big names.

Really, we’re most curious what a sale could mean for the future of Nokia. Will a quick cash influx allow it to grow and pursue new avenues for expansion, or is this just the latest step in the slow dismantling of the once-heavyweight mobile player as it sells itself off piecemeal?

Source: Bloomberg
Via: Windows Central

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!