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Could These 4 Companies Buy Nokia?

TheMotleyFool

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Nokia's (NYSE: NOK) stock was recently jolted by rumors of a hostile takeover. The online paper TMT Finance claimed that the Finnish network equipment maker was fending off a bid from an unnamed suitor, but Nokia remained silent on the matter.

Nokia's stock tumbled about 40% over the past 12 months as it struggled against rivals like Ericsson (NASDAQ: ERIC), ZTE (OTC: ZTCOY), and Huawei in the 5G market. It also recently announced layoffs across Finland, and replaced its longtime CEO Rajeev Suri with former Fortum CEO Pekka Lundmark.

Image source: Getty Images.

Source Fool.com

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