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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI