I had no idea they had sold their mapping unit. They bought Navteq in 2007 for $8.1B and sold that to automakers in 2015 for $3.1B [1]. I guess they needed a w

I had no idea they had sold their mapping unit. They bought Navteq in 2007 for $8.1B and sold that to automakers in 2015 for $3.1B [1]. I guess they needed a warchest to have a chance at succeeding in their turnaround (and considering their manufacturing roots, they'd have a hard time having a non-manufacturing-centric identity I imagine), but I'm surprised they couldn't get a higher price tag from a player in the smartphone market. [1] http://www.nytimes.com/2015/08/04/technology/german-carmakers-buy-nokia-mapping-unit-here.html http://www.nytimes.com/2015/08/04/technology/german-carmaker...