General Atlantic to take stake in HERE mapping business, says source: Reuters

Buyout group General Atlantic is set to take a stake in mapping business HERE later this year, which a consortium of German premium carmakers has agreed to buy from Nokia, a person familiar with the transaction said on Monday.

The exact size of the stake has not yet been determined, the source said, adding that contracts on the sale of a HERE stake to the investor would be finalized in the coming weeks.

Sources have said in the past that General Atlantic could take a 30 percent stake in HERE, but it remains unclear whether General Atlantic’s stake will end up around that size.