Report: Lenovo not interested in buying Nokia

Peter Clarke, EETimes
8/2/2012 8:11 AM EDT

LONDON – The price of shares in mobile phone company Nokia Oy was volatile amid heavy trading on Wednesday amid rumors that the company might be bought by Chinese computer maker Lenovo.

"This must be a joke," and "There's nothing ongoing," Reuters quoted Gianfranco Lanci, Lenovo head of Europe, Middle East and Africa, as saying. Nonetheless Nokia's shares closed up at 2.07 euro at the close on Wednesday.

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