Fresh off its acquisition of telecom power Alcatel-Lucent last year, Nokia is in in talks to buy Sunnyvale, Calif.-based Juniper Networks, according to a CNBC report.
Nokia's offer values Juniper at about $16 billion, CNBC said citing anonymous sources, a total that exceeds Juniper's market capitalization by about $5 billion. The news spurred Juniper shares to climb nearly 20 percent after markets closed Wednesday.
A Juniper spokesperson told CRN the company would not comment on market speculation or rumors.
[Related: CRN Exclusive: Juniper Revamps Partner Program With 'Laser Focus' On Driving Cloud Execution]
Juniper's networking business has been on a tear this year, boosting its revenue nearly 40 percent in the second quarter, according to IDC's most recent statistics. The company, like others in the market, trails Cisco – which controls more than half of the switching market – by a wide margin in that space, however.
Nokia acquired telecom powerhouse Alcatel-Lucent for about $16.6 billion last year.
related stories
Video
trending stories
sponsored resources

Cysurance
Cyber Insurance 360

Carbonite
Cloud Storage 360

Application Integration 360

Tenable
Cyber Risk 360

NPD
Industry Trends 360

Channel Chief Showcase

Smart 3rd Party
3rd Party Maintenance 360

Cradlepoint
5g for Business 360

Cato Networks
SASE & SD-WAN 360

Trend Micro
Trend Micro Learning Center

CyberPower
CyberPower

Veeam
Veeam

Comcast Business
Comcast Business Learning Center

Dell Technologies
Dell Technologies Storage Learning Center

Fujifilm
Fujifilm

BlackBerry
BlackBerry Learning Center

Acer
Remote Workforce 360

Webroot
Webroot Learning Center

Comm100
Collaboration & Communications 360

Partner Program Guide Showcase

Dell Technologies
Microsoft HCI Solutions from Dell Technologies Learning Center

Hitachi Vantara
Hitachi Vantara

eSentire
Managed Detection and Response 360

Terranova Security
Cybersecurity 360

N-able
MSP Automation Solutions 360

CRN Showcase

APC by Schneider Electric
Digital Services for Edge Learning Center

Dell Technologies
Dell Technologies Server Learning Center

Dell Technologies
Dell Technologies Cloud Learning Center

Cyber Protection 360

VMware

EPOS
EPOS

Sophos
Sophos Cybersecurity Learning Center

Vonage
Vonage

Sherweb
Sherweb

Vertiv
Edge Computing Learning Center

Wasabi
Wasabi

iboss
Cloud SASE Platform 360
