News that Nokia is considering asset sales and acquisitions

Beijing time 27, according tomedia reports, people familiar with the matter said, Nokia is exploring strategic options, and with consultants to explore the sale of assets or mergers and acquisitions. Nokia’s share price has fallen by about a third in the past year.

┬áThe company’s American Depositary Receipts (ADR) jumped 13 per cent on Wednesday to close 6.1 per cent higher at $4.15 after news of its strategic options. The company is now worth about $23.5 billion.

News that Nokia is considering asset sales and acquisitions

A source said a careful review was still under way and there was no certain that a deal could be reached. Nokia representatives declined to comment.