BMW, Daimler and Audi Clinch Purchase of Nokia’s Maps Business

Germany’s BMW, Audi and Daimler have partnered to buy Nokia’s Here mapping unit for $3.1 billion, including debt, in a deal expected to help the automakers move toward developing driverless cars and other next-generation in-car technologies. Nokia Here drew a majority of its $1.1 billion in revenues last year from carmakers, with the rest coming from location-based services.