May 7, 2015 / 10:24 PM / 2 years ago

Uber bids for Nokia's mapping service: NYT

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. REUTERS/Sergio Perez

(Reuters) - Ride-hailing service Uber has submitted a bid for Nokia Oyj’s NOK1V.HE map business, HERE, for as much as $3 billion, the New York Times reported, citing people with knowledge of the offer.

Finland’s Nokia said last month it had started a strategic review for HERE, a competitor to Google Maps, after announcing a takeover of network equipment rival Alcatel-Lucent ALUA.PA.

Uber is competing against a consortium of automakers, including BMW, Audi and Mercedes-Benz, the newspaper said, citing people with knowledge of the offer.

The German automakers are teaming up with the Chinese search engine Baidu on the offer, the report said. (nyti.ms/1QrdZYU)

Uber declined to comment on the matter.

The newspaper said a private equity firm has also bid and that Nokia is expected to announce the sale of HERE by the end of May.

Reporting by Subrat Patnaik in Bengaluru; Editing by Sriraj Kalluvila

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