Nokia is ‘preparing an offer’ to acquire Juniper Networks, CNBC reported on Wednesday.
Nokia logo is seen at the company’s headquarters in
Finnish company Nokia is in talks to buy Juniper Networks, CNBC
reported, citing sources. Juniper Networks
stock jumped as high as 18% following the report.
The offer would value the US network equipment company at around
$16 billion, CNBC said, citing one of the sources.
Juniper had a market capitalization of around $11.26 billion as
of Wednesday’s close.