Chip maker Intel (INTC.O) is to take a 15 percent stake in digital mapping firm HERE, a person familiar with the process told Reuters on Tuesday.
A filing to the German cartel office earlier on Tuesday showed that Intel had sought approval to buy a stake in the company, which is controlled by German carmakers Daimler DAIGN.DE, BMW (BMWG.DE) and Volkswagen (VOWG_p.DE).
Intel declined to comment beyond the fact that is was seeking to take a stake in HERE.
Last month two Chinese companies and Singapore’s sovereign wealth fund GIC agreed to buy a 10 percent stake in HERE.
REUTERS
