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Suri acknowledged that his company -- which once dominated the mobile phone business but subsequently sold that division to Microsoft to focus on other parts of its operation -- has received "significant interest" in Here. Yet he said that he wanted to "give it more time," adding that "we may not end up selling it if we don't get the right value."On April 30, Nokia touted the success of its Here business during the first quarter of 2015, reporting to investors that its sales were up 25 percent year-over-year to 261 million euros ($287 million). Carmakers licensed Nokia's Here technology for 3.6 million new vehicles during the quarter ending March 31, a jump of 29 percent compared to the same period last year. The Here division's gross profit hit 194 million euros, rising 21 percent compared to the prior year.

All of that, plus the generally high regard for Here's mapping technology, helped it attract several suitors, In early May, The New York Times reported, citing people who claimed to have knowledge of the dealings, that car-hailing service Uber had offered up to $3 billion for Nokia's Here business, A consortium made e goyard iphone case up of BMW, Audi, and Mercedes-Benz was also planning to make an offer, China-based Baidu is also reportedly in the running, Nokia is familiar with selling off components of its business, Last year, Nokia sold its devices business, which includes mobile phones, to Microsoft for over $7 billion, The sale allowed Nokia to focus on its networking operation, which sells telecommunications and data networking equipment, In addition to Here, Nokia also operates a technologies business that develops and licenses new products and services..

"We're doing [the strategic review] because the company will become much more networks focused," Suri said, referring to an initiative at Nokia to analyze all parts of its business and see what should be kept and what should go. "We've made that call."Nokia did not immediately respond to a request for comment. Here has attracted suitors including German automakers and Uber, but Nokia says it needs more time to determine whether a sale makes sense. Nokia is no stranger to big sales, but that doesn't mean the company will follow the same path with its mapping division.

Uber has been meeting with banks to raise a $1 billion line of credit, the Wall Street Journal reported Friday, citing people who claim to have knowledge of its plans, The credit wouldn't be necessary for the ongoing operation of Uber's business but is critical for the company to form strong ties with banks that could eventually underwrite an IPO, the Journal said, Uber, which connects riders and drivers via a smartphone app, operates in hundreds of cities around the world, The company generated revenue of $400 million in 2014, the Journal reported, Uber competes with traditional taxi services, as well e goyard iphone case as other startups with rail-hailing apps such as Lyft, The influx of funding that comes with an IPO could help give Uber an edge in the battle to attract customers..

The San Francisco-based company's reported desire to raise $1 billion through a line of credit follows an earlier report this month claiming that the car-hailing service was looking to raise $1.5 billion to $2 billion in venture capital funding. If successful, the round would value Uber at $50 billion or more. That valuation would be higher than the world's current most valuable startup, Xiaomi, which raised $1.1 billion in December on a $45 billion valuation. The only other Silicon Valley startup that fetched a $50 billion valuation before its IPO was Facebook.

Acquiring e goyard iphone case a line of credit is one of the early steps companies often take to prepare for an IPO, In 2012, Facebook secured a $2.5 billion credit line, Twitter and Dropbox followed with $1 billion and $500 million credit lines, respectively, Facebook and Twitter went public relatively soon after acquiring the lines of credit, The idea behind acquiring a credit line is to get major institutional banks invested in a company's future, The would-be public companies ink deals with major banks and form relationships with key players at those institutions, When it comes time to hit the road and find investment banks that will back an IPO, the startups often call the banks that backed the credit line..

Banks, meanwhile, are willing to take a chance on a promising startup that has designs on going public and will often offer favorable interest rates to sweeten the deal in order to be first in line for an eventual IPO. Still, the banks may need to wait some time before Uber would actually offer its shares on the market. According to the Journal's sources, the earliest date the company would go public is 2016. Despite rapid growth since its founding in 2009, Uber has weak spots, including challenges to the legal standing of its use of private drivers. On Friday, another blow came -- this time in France. The country's top administrative court ruled that unlicensed taxi operators cannot drive around looking for riders, according to Reuters, and that apps cannot show potential riders where nearby drivers are located.

Meanwhile, Uber may be working on another project, The Pittsburgh Business Times reported on e goyard iphone case Thursday that Uber was testing a self-driving car around Pittsburgh, The company didn't try too hard to hide its plans: the words "Uber Advanced Technologies Center" appeared on the side of the vehicle, The test follows the launch of its Advanced Technologies Center in February, The company said at the time that the program would focus not only on driverless vehicles, but also on mapping technology and enhanced vehicle safety, Carnegie Mellon University is a partner in that effort..