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1/3/2017, 1:32 PM (Source: TeleTrader)
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Intel wants to buy stake in HERE

Intel Corp. has filed a request to Germany's Federal Cartel Office for approval to purchase a stake in HERE, the Wall Street Journal reported on Tuesday. The antitrust regulator will make a decision within a month whether it will give consent for the acquisition, but it remains unknown how large is the stake that the California-based company wants to buy.

HERE is a digital mapping company whose owners since 2015 are Daimler AG, BMW AG and Audi AG. German automakers bought the firm from Nokia Corp. for €2.5 billion in an effort to create a platform for self-driving cars.

Baha Breaking News (BBN) / DN