Report: Nokia eyes Juniper

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia (NOK +0.7%) is reportedly considering making a bid for Juniper Networks (JNPR) and combining it with Nokia Solutions & Networks (NSN).

NSN CEO Rajeev Suri held talks with Juniper's management last year about deepening their collaboration and about a merger, which would improve NSN's weak operations in the U.S.

Juniper's market cap is $13.73B, around half of Nokia's $26.99B; the latter could use the U.S. company's $3.1B in cash to help fund the deal.