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UBER is acquiring map image-collection assets from Microsoft's (NASDAQ:MSFT) Bing unit to strengthen its internal mapping work. About 100 Microsoft employees will be joining Uber. Terms are undisclosed.
- Uber, whose apps have been relying on Google Maps, has been rumored to be interested in Nokia's HERE mapping/navigation software unit. However, a recent Bloomberg report indicated Nokia prefers to sell the unit to a group of German automakers.
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Earlier: Top Chinese Uber rival Didi Kuaidi reportedly looking to raise ~$2B