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Chinese drone maker SZ DJI Technology Co Ltd has established a powerful early lead within the U.S. business market as corporations address its cheap, light-weight […]
Home | Internet | Internet News Nokia to Close Here Mapping Deal With German Automakers by Gadgets 360 Staff , 4 December 2015 Nokia says it has received all regulatory approvals for the EUR 2.8 billion (roughly Rs. 20,737 crores) sale of its Here mapping unit to a consortium of German carmakers, Audi AG, BMW Group and Daimler AG, and expects to close it ahead of schedule on Friday.
Nokia's Here, which includes mapping, navigation, and location services, gives the leading automakers access to technology that could eventually be used for driverless cars.
The Finnish company originally said it expected to close the deal during the first quarter of 2016 after announcing the planned sale on August 3.
Nokia, formerly the top cellphone maker, has increasingly focused on providing networks for mobile technology. On Wednesday, shareholders approved its EUR 15.6 billion acquisition of Alcatel-Lucent, which will make it a market leader in networks.
The three automaker partners – Daimler BMW..
Our latest funding roundup covers angel and VC investments in startups engaged in hyperlocal discovery, parenting, home services, finance, medical diagnostics, and e-commerce.
Magicpin
Gurgaon-based hyperlocal discovery platform, Magicpin, has reportedly raised $3 million (roughly Rs. 20 crores) in Series A round of funding from existing investor Lightspeed Venture Partners. The startup founded in 2015 by Brij Bhushan, and Anshoo Sharma provides real-time promotions, loyalty programmes and content updates to promote merchants registered on its platform.
BabyBerry
Parenting app BabyBerry, operated by Bengaluru-based CereBrahm Innovations has reportedly secured $1 million (Rs. 6.8 crores) in angel funding. The startup provides features such as vaccination charts, health records management and doctor discovery, through its apps, available on iOS and Android.
Taskbob
Home services startup Taskbob has reportedly raised Rs. 28 crores in its Series A round of funding, led by IvyCap Ventur..
iOS 16.4.1, Apple’s latest software update for compatible smartphones, was rolled out to users earlier this month. The latest update for recent iPhone models includes […]
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