(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