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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nokia Corp | NYSE:NOK | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.045 | 1.22% | 3.735 | 3.74 | 3.71 | 3.725 | 4,615,864 | 18:59:17 |
From May 2019 to May 2024
Nokia Corp. (NOK NOK1V.HE) is considering buying networking-gear maker Juniper Networks (JNPR) to merge it with its Nokia Siemens Networks division, Germany's Manager Magazin Online reports Thursday, citing sources familiar with the situation.
The Nokia board and NSN management are considering deepening the existing sales cooperation with Juniper and possibly merging, the report says, adding that NSN Chief Executive Rajeev Suri traveled to the U.S. late last year to explore Juniper management's options.
A takeover of the U.S. company could be a financial challenge for Nokia, given that Juniper's current market value is nearly $14 billion dollars and Nokia will be obliged to offer a premium to Juniper shareholders.
Nokia, which is selling its handset business to Microsoft Corp. (MSFT) for 5.4 billion euros ($7.3 billion), is under pressure to put the proceeds of the sale to use, the report says.
NSN weren't immediately available for comment.
Magazine website: www.manager-magazin.de
-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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