German car makers agree to buy Nokia’s mapping business for $3.2B, report says

A consortium of German car makers have reportedly agreed to buy Nokia’s Here mapping technology.

Daimler, BMW, and Volkswagen-owned Audi have agreed to buy the mapping business for almost $3.2 billion, according to Reuters. The agreement comes after a nearly two month stand-off between the three car makers.

Nokia is apparently getting rid of its mapping business to focus on building out its telecommunications equipment, a business that hinges on its purchase of Alcatel-Lucent earlier this year.