Stock Market News

Nokia considering potential acquisition of Infinera, Bloomberg News reports

06/27/2024

Less than a minute

2024.06.27 16:41

(Reuters) -Nokia is exploring a potential acquisition of Infinera (NASDAQ:) Corp, a maker of optical telecommunications equipment, Bloomberg News reported on Thursday, citing people familiar with the matter.

© Reuters. FILE PHOTO: A view shows Nokia headquarters in Espoo, Finland, October 19, 2023. JUSSI NUKARI/Lehtikuva/via REUTERS /File Photo

Shares of Infinera jumped nearly 25% in after-hours trading.

Helsinki-based Nokia (HE:) has been studying the feasibility of a deal for U.S.-listed Infinera, the report said, adding that an announcement could come within days.

06/27/2024

Less than a minute

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