Uber bids $3 billion for Nokia’s mapping service

Uber has submitted a bid for Here, the main competitor to Google Maps, for as much as $3 billion, according to three people with knowledge of the offer, who spoke on the condition of anonymity. Here is owned by Nokia, the Finnish telecom giant, which announced last month that it was considering selling the business.

Makes sense for Uber, but there’s stiff competition to purchase the mapping service.