INFN Stock Alert: Nokia Boosts Infinera With $2.3 BILLION Buy
INFNInfinera(INFN) Investor Place·2024-06-28 21:57

Infinera (NASDAQ:INFN), a maker of optical equipment, is soaring today on news that Nokia (NYSE:NOK) will acquire it in a $2.3 billion deal. Nokia appears to have decided to acquire Infinera in order to double down on its artificial intelligence (AI) data center business and compete more effectively with Huawei and Ciena (NYSE:CIEN). In early trading, INFN stock is climbing 18%. The Deal Boosts Nokia’s Presence in Optical Networking As a result of the acquisition, Nokia will become the second-largest player ...