Why 3 car giants just bought Nokia’s mapping business for $3B

In what was surely one of the least well-kept secrets in acquisition history, Nokia finally confirmed the sale of its Here mapping division earlier this morning. The buyer, as expected, was a consortium of German car manufacturers — Audi, BMW, and Daimler. The value? €2.8 billion ($3.07 billion). It’s the third notable piece of acquisition […]...