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Daimler, BMW and Audi Finalize Deal to Buy Nokia Here for 2.8 BN Euros
- mtgx 11y agoNokia acquired the original service for $8.1 billion in 2007 [1], and I don't think it has ever been profitable with it. I remember when Microsoft offered to pay Nokia a billion dollars a year to use Windows Phone it was also to cover the large Navteq/Here losses, which were quickly draining the company's cash reserves (that Symbian was losing ~8% market share a year didn't help). [1] http://www.bloomberg.com/bw/stories/2007-10-01/nokia-to-pay-8-dot-1-billion-for-navteqbusinessweek-business-news-stock-market-and-financial-advice http://www.bloomberg.com/bw/stories/2007-10-01/nokia-to-pay-...