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August 02, 2015 9:28 AM ET

Internet Software and Services

Company Overview of HERE Holding Corporation

Company Overview

HERE Holding Corporation provides maps and other location content for navigation, location-based services, and mobile advertising applications around the globe. Its content is used in automotive navigation systems, portable and wireless devices, Internet-based mapping applications, and government and business solutions. The company also provides technical services, including strategic program management, technical customer support, system assessment testing, and customer engineering; and support services, which include distribution and marketing services. Its solutions are used by engineers and application developers, wireless (cellular) and Internet navigation service providers, automotive ...

425 West Randolph Street

Chicago, IL 60606

United States

Founded in 1985

3,349 Employees

Phone:

312-894-7000

Fax:

312-894-7050

Key Executives for HERE Holding Corporation

Executive Vice President of NAVTEQ Sales
Age: 51
Principal Accounting Officer, Vice President and Corporate Controller
Senior Vice President of Asia Pacific Sales
Age: 63
Senior Vice President of NAVTEQ Map
Age: 59
Senior Vice President of Human Resources
Age: 64
Compensation as of Fiscal Year 2015.

HERE Holding Corporation Key Developments

Uber Reportedly Drops Bid For Nokia Map Unit

Uber Technologies, Inc. is reportedly out of the running to acquire HERE Holding Corporation (Here). Uber Technologies, Inc. had submitted an offer for the mapping division this year for as much as $3 billion. Instead, three people with knowledge of the talks said negotiations for Here have focused on a potential deal between Nokia Corporation (HLSE:NOK1V) (Nokia) and a consortium of German automakers, Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), AUDI AG (DB:NSU) and Daimler AG (XTRA:DAI). The people would speak only on the condition of anonymity because the discussions were private. As other potential suitors have dropped out of the bidding process, the three German carmakers have increasingly taken a tough negotiating position with Nokia, according to two of the people. Spokesmen for Nokia and Uber declined to comment. Representatives for the German automakers were not immediately available for comment.

Uber Is Reportedly Out Of The Race For Nokia's Here Business

Uber Technologies, Inc. has reportedly dropped out of the race for HERE Holding Corporation of Nokia Corporation (HLSE:NOK1V). Back in May, Uber and Baidu, Inc. (NasdaqGS:BIDU) backed by Apax, were reportedly teaming up on a joint bid for Here. Uber was also said to have already made a $3 billion offer to Nokia.

Nokia May Reportedly Sell HERE To German Carmakers

Nokia Corporation (HLSE:NOK1V) is leaning towards selling HERE Holding Corporation to a group of German carmakers including Daimler AG (XTRA:DAI), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), Volkswagen AG (XTRA:VOW3) and AUDI AG (DB:NSU), reports Bloomberg, citing people familiar with the matter. Despite preferring to sell HERE to the German group, sources said Nokia is not satisfied with their most recent offers and plans to pressure them by soliciting bids elsewhere in search of a desired $4 biilion price tag. Baidu, Inc. (NasdaqGS:BIDU) could partner with the German group, one source added.

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