On June 27, 2024, Nokia and Infinera, a global supplier of innovative open optical networking solutions and advanced optical semiconductors, announced a definitive agreement under which Nokia will acquire Infinera in a transaction valuing the company at $6.65 per share or an enterprise value of US$2.3 billion. At least 70 percent of the consideration will be paid in cash and Infinera’s shareholders can elect to receive up to 30 percent of the aggregate consideration in the form of Nokia ADSs. Wilson Sonsini Goodrich & Rosati advised Infinera on the transaction.
Nokia and Infinera see a significant opportunity in merging to improve scale and profitability, enabling the combined business to accelerate the development of new products and solutions to benefit customers. The transaction is expected to strengthen Nokia’s technology leadership in optical and increase exposure to webscale customers, the fastest growing segment of the market.
The Wilson Sonsini team that advised Infinera on the transaction included:
Corporate/M&A
Tony Jeffries
Amanda Urquiza
Douglas Schnell
Remi Korenblit
Ross Tanaka
Steve Bernard
Andrew Lombardo
Cassie Wetzel
Zack Lenox
Tyler Kivley
Zachary Williams
Bridget Grier
Jake Morales
Eric Conner
Employee Benefits and Compensation
Jacqueline Tokuda
Mark Cornillez-Ty
Gregory Hughes
Lori Howey
Technology Transactions
John McGaraghan
Khalil Nobles
Sarah Syed
Stephanie Stark
Antitrust
Beau Buffier
Taylor Owings
Deirdre Carroll
Kimberley Biagioli
Robin Crauthers
John Sack
National Security/Regulatory
Stephen Heifetz
Seth Cowell
Anne Seymour
Timothy Kobes
Bryan Poellot
Kara Millard
Corporate Finance
Erik Franks
Rick Titcomb
Katie Barnes
Employment Litigation
Quinn Christie
Matt Gorman
Delaware
Ryan Greecher
Adrian Broderick
Real Estate
Susan Reinstra
Martin Sul
Sean Wilkinson
Matthew Parsons
Privacy
Matthew Staples
Daniel Chen
Dantam Le
Chany Kim
Litigation
Ignacio Salceda
For more information, please see the joint press release.