Nokia to Acquire Infinera in $2.3 Billion Deal: What to Know

Nokia will acquire Infinera as it looks to expand its optical-networking presence. Here's what you need to know.

Nokia logo on display at the Mobile World Congress in Barcelona, Spain on February 28, 2024
(Image credit: Joan Cros/NurPhoto via Getty Images)

Nokia (NOK) announced it will buy Infinera (INFN) in a deal that values the global supplier of open optical networking solutions and advanced optical semiconductors at approximately $2.3 billion, or about $6.65 per share.

The purchase price represents a roughly 26.4% premium to Infinera stock’s June 27 close at $5.26, sending its share price up by more than 18% Friday. NOK stock, meanwhile, is higher by about 2%.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.