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Nokia is nearing an agreement to sell its maps business to BMW Group, Audi and Mercedes-Benz, according to people familiar with the matter.

An agreement could be reached as early as next week, with an announcement targeted for around July 31, said the people, who asked not to be named because the negotiations are private.

Talks could still fall apart as the carmaker consortium hammers out final details such as intellectual property rights with Nokia, the people said. Nokia has sought as much as $4 billion for the unit, called HERE, people familiar with the matter have said.



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