Nokia Denies It's in Acquisition Talks With Juniper Networks

Photographer: Tomi Setala/Bloomberg

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Nokia Oyj denied that it’s in acquisition talks with Juniper Networks Inc., after a CNBC report said the Finnish company was preparing a $16 billion offer for the network-equipment maker.

"Nokia is not currently in talks with, nor is it preparing an offer for, Juniper Networks related to an acquisition of that company," the telecommunications company said in a statementBloomberg Terminal late Wednesday New York time.