Samsung Electronics denied it was interested in acquiring Nokia, sending shares in the Finnish mobile phone company down 2 percent.
Nokia shares rose 6 percent last Friday on speculation of a possible buyout offer.
"Such reports are purely speculative and are not true," the company said.
Copyright Thomson Reuters 2012
For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.