EU approves $2.3 billion takeover of Infinera by Nokia
1. Nokia's $2.3 billion acquisition of Infinera received EU Commission approval. 2. This acquisition could enhance Nokia's optical networking capabilities.
FAQ
Why Bullish?
The acquisition suggests strong future growth potential for INFN, as integrated offerings may improve market competitiveness. Historical acquisitions in tech, like Cisco's purchase of Acacia, have positively impacted valuations.
How important is it?
The significant acquisition indicates positive growth prospects for INFN, merging technological capabilities with Nokia's resources enhances its value proposition.
Why Long Term?
Though immediate impacts may be minor, the long-term advantages in product capabilities and market reach will likely benefit INFN significantly post-acquisition.