Audi/BMW/Daimler sell 10% stake in HERE to China and Singapore

Tencent, the Chinese internet investment company, NavInfo, the Chinese digital mapping company and GIC, Singapore’s sovereign wealth fund, have bought 10% of HERE, the digital mapping company which Nokia sold to Audi, BMW and Daimler-Benz for $3 billion last year. The price is not disclosed. The three German car makers will reduce their stakes equally ...

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from News – Electronics Weekly http://ift.tt/2igfuRJ
via Yuichun