Intel Holdings B.V. agreed to acquire 15% stake in Here International B.V. from Daimler AG (XTRA:DAI), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) and AUDI AG (DB:NSU) on January 2, 2017. Intel will nominate Doug Davis, senior vice president and general manager of the Automated Driving Group at Intel, to HERE's Supervisory Board of directors once the transaction is completed. In conjunction with the acquisition Intel and HERE, the two companies also signed an agreement to collaborate on the research and development of a highly scalable proof-of-concept architecture that supports real-time updates of high definition maps for highly and fully automated driving.

Additionally, the two companies plan to jointly explore strategic opportunities that result from enriching edge-computing devices with location data. The deal is subject to regulatory approval. On January 6, 2017, the transaction received early termination notice from the Federal Trade Commission.

As of January 24, 2017, Bundeskartellamt approved the deal. The transaction is expected to close in the first quarter of 2017. Martin Grablowitz of NautaDutilh N.V. acted as legal advisor for Intel Corporation, parent of Intel Holdings.

Nicole Englisch of Clifford Chance in Germany and Bill Curtin, Audrey Reed of Hogan Lovells US LLP acted as legal advisors for Here International B.V., Daimler, Bayerische Motoren Werke Aktiengesellschaft and AUDI.