Facebook, Uber Amongst Companies Interested in Nokia's Here Maps Unit: Report

Facebook, Uber Amongst Companies Interested in Nokia's Here Maps Unit
Nokia's maps business has drawn interest from at least four potential acquirors, including Facebook and a consortium of German carmakers BMW, Audi and Daimler, a German magazine reported on Wednesday.

Manager Magazin cited people familiar with the matter as saying local transportation service Uber is looking at the books of HERE, Nokia's mapping unit, and that U.S. private equity firm Hellman & Friedman is also interested.
According to Manager Magazin, the book value of the unit is 2 billion euros ($2.15 billion).
Nokia and Facebook declined to comment on the report. Uber, Hellman & Friedman, BMW, Audi and Daimler were not immediately available for comment.
Finland's Nokia said last week it had started a strategic review of HERE after announcing a takeover of network equipment rival Alcatel-Lucent.
"The Board of Directors of Nokia believes this is the right moment to assess the position of Here within theproposed new Nokia business," the company said in a statement, adding that the review may or may not result in any deal.
A source told Reuters last week that Nokia had hired a financial adviser to explore a sale of the unit.
The unit is estimated to be worth 4.4 billion to 6.9 billion euros, based on a sum-of-parts calculation, according to Inderes Equity Research.

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