Ride-hailing service Uber has submitted a bid for Nokia Oyj's (NOK1V.HE) map business, HERE, for as much as $3 billion, the New York Times reported, citing people with knowledge of the offer.
Finland's Nokia said last month it had started a strategic review for HERE, a competitor to Google Maps, after announcing a takeover of network equipment rival Alcatel-Lucent (ALUA.PA).
The German automakers are teaming up with the Chinese search engine Baidu on the offer, the report said. (nyti . ms/1QrdZYU)
The newspaper said a private equity firm has also bid and that Nokia is expected to announce the sale of HERE by the end of May.
(Reporting by Subrat Patnaik in Bengaluru; Editing by Sriraj Kalluvila)
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