Nokia is looking to sell off its HERE Maps service, Bloomberg reports, with the first offers potentially coming in next month. The Finnish company is apparently hoping to make a deal with Uber, though a number of German car company’s may also be interested.
The mapping app is valued at roughly $2.1 billion, and a sale could give Nokia the cash needed to scoop up rival wireless-networking firm Alcatel-Lucent. The company still operates its own network division, along the R&D team behind the N1 Android tablet. It also boasts a huge trove of mobile patents.
HERE is actually a pretty great alternative to the mapping apps offered by Google or Apple, and it could be a powerful tool for whatever firm picks it up. Uber might use the opportunity to distance itself from Google Maps, integrating HERE into its app instead. A car company could also use the service for its own GPS system, rather than relying on a third-party solution.
There’s still no confirmation that a HERE Maps sale is really on the table, but it seems to make a lot of sense. If Bloomberg is right, we may see an official deal announced before too long.