Intel seeking indirect stake in mapping
firm HERE: German cartel office
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[January 03, 2017]
FRANKFURT (Reuters) - Chip maker Intel
<INTC.O> has sought approval to buy a stake in HERE, a digital mapping
firm controlled by Germany's carmakers Daimler <DAIGN.DE>, BMW <BMWG.DE>
and Volkswagen <VOWG_p.DE>, 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 Zvulun/File Photo
HERE 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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