The sweet coupling of infrastructure and networking alas, wasn’t meant to be. Not now anyway. CNBC reports that after it outed Nokia for eyeing Juniper for acquisition the Finnish infrastructure giant got cold feet.
The report adds that Nokia isn’t sure if it will come back to the table in the future.
Apparently talks had been ongoing in private for weeks and was being considered as a play to make Nokia competitive with Ericsson and Cisco. Besides the ill-timed press on the deal, the price tag could have been a hangup. Juniper stocks jumped more than 20 percent to $33.50, following the CNBC report of Nokia’s interest, according to MarketWatch.
Nokia had already valued Juniper at $16 billion, sources told CNBC.
Nokia continues to issue denials any deal is afoot.
“Nokia is not currently in talks with, nor is it preparing an offer for, Juniper Networks related to an acquisition of that company,” a company statement said.
Featured image: Nokia