Nokia labeled press reports about a potential acquisition of Juniper Networks as “rumors,” and said it is not currently in acquisition talks with the Silicon Valley company. Nokia stopped short of saying it is not in any type of strategic talks with the vendor, leaving open the possibility that the two companies may be discussing some type of cooperation. Juniper is a competitor to Alcatel-Lucent, which Nokia purchased last year.
Late Tuesday, November 28, CNBC reported that Nokia was interested in buying the company for approximately US$16 billion, roughly the same amount Nokia paid for Alcatel-Lucent.
Juniper’s stock price rocketed to a 3-month high on Wednesday, November 29, but has since settled back to its pre-report levels. CNBC published an update to its original report.
Full Content: CNBC
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