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Kiplinger
Kiplinger
Business
Joey Solitro

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

Nokia Infinera NOK
Nokia logo on display at the Mobile World Congress in Barcelona, Spain on February 28, 2024.

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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