Intel seeking indirect
stake in mapping firm HERE: German cartel office
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[January 03, 2017]
FRANKFURT (Reuters) - Chip
maker Intel has sought approval to buy a stake in HERE,
a digital mapping firm controlled by Germany's carmakers
Daimler, BMW and Volkswagen, a filing to the German
cartel office showed.
The logo of Intel, the world's largest chipmaker is seen
at their offices in Jerusalem, April 20, 2016. REUTERS/Ronen
could not immediately be reached for comment. Intel declined to
comment. Germany's cartel office would not comment on the size
of the stake sought by Intel.
The filing dated Jan. 2 said Intel Corporation is seeking an
indirect stake in HERE International B.V.
In July, BMW teamed up with Intel and Mobileye <MBLY.N> to
develop self-driving cars by 2021.
(Reporting by Sabine Wollrab, Ilona Wissenbach, Matthias
Inverardi, Edward Taylor and Irene Preisinger, editing by Louise
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