UPDATE: Nokia Corp (NOK) Pops as Huawei May Consider Buying the Company

June 18, 2013 12:40 PM EDT
(Updated - June 18, 2013 12:44 PM EDT)

Nokia Corp. (NYSE: NOK) ramped mid-day on reports from the FT that Huawei would consider buying the company as it seeks to become the world's leading smartphone maker.

"We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded," Richard Yu, chairman of Huawei's consumer business group, told the FT.

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