[New post] German carmakers win U.S. antitrust approval to buy Nokia maps

sskarthik posted: "By Diane Bartz WASHINGTON (Reuters) - German carmakers BMW, Audi and Mercedes have won U.S. antitrust approval to buy Nokia's maps business for around 2.5 billion euros ($2.8 billion), the Federal Trade Commission said on Wednesday. The deal, which was an" Respond to this post by replying above this line New post on SKarthik.info German carmakers win U.S. antitrust approval to buy Nokia maps by sskarthik By Diane Bartz WASHINGTON (Reuters) - German carmakers BMW, Audi and Mercedes have won U.S. antitrust approval to buy Nokia's maps business for around 2.5 billion euros ($2.8 billion), the Federal Trade Commission said on Wednesday. The deal, which was announced in early August, was on the FTC's list of uncontroversial transactions which won approval from the FTC or the Justice Department. Germany's three premium carmakers will hold equal stakes in the business, known as HERE, and may allow automakers to offer new premium features, like autonomous driving, in luxury cars, shaking up the pecking order between car makers, their parts suppliers and software rivals like Uber and Google. Read more... sskarthik | September 2, 2015 at 9:52 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3i59 Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/02/german-carmakers-win-u-s-antitrust-approval-to-buy-nokia-maps/ Thanks for flying with WordPress.com