Why Nokia (NOK) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Nokia Corp. (NOK) are up 2.27% to $8.10 on Friday following news the tech company has purchased Desti, a mapping start-up, in order to expand its HERE mapping business.

Information regarding how much Nokia spent on Desti was not released, but according to techcrunch.com the existing app will be shut down so that the company can incorporate it into its HERE platform.

Desti is two years old and uses natural language processing and artificial intelligence to help travelers find exactly what they need by removing options that do not pertain to their specific travel requirements.

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