Bloomberg and Reuters post conflicting reports about Nokia exploring strategic options

Last few days a number of tech stocks, as well as the Dow Jones Industrial Average, saw a drop in its worth, mostly because of fears related to Coronavirus. Nokia’s stock, on the other hand, has a sudden increase in share price after a report posted by Bloomberg, but after an opposing report was posted by Reuters, the stock price went back down.

Bloomberg’s report citied a source inside Nokia with knowledge that the company is exploring strategic options like sales, acquisitions and mergers to better compete in the network infrastructure business. The report even mentioned a merger with Ericsson, one of Nokia’s two main competitors.

Shortly after, Reuters published a report in which their source close to Nokia denies everything Bloomberg posted.

Nokia remained silent and decided not to comment the two opposing reports.