Samsung: Nokia Takeover Bid, Groundless

Samsung Electronics has dismissed rumours that it is preparing to mount a takeover bid for Nokia as "groundless".

Rumours emerged earlier today from a Bloomberg News report citing an analyst note that speculated that the company may be about to receive a takeover bid.

"A lot of names have been mentioned as potential bidders," Bo Nordberg, an analyst at Canaccord Genuity told Bloomberg News. "I am sure someone is looking at it, but it is not particularly compelling.

Even among the analyst community the feeling is quite skeptical about the outlook for the company."

Nokia's share price jumped by 6 percent on the rumours. Samsung was also named as a possible bidder last June, but denied the rumours at that time as well.

Exane BNP Paribas said in a note that several companies have been suggested as a possible bidder, although Microsoft is the perennial favourite following its tie-up with Nokia in the smartphone market.

Nokia has however repeatedly denied that it is in any sort of merger or takeover talks with Microsoft. It was however rumoured last year that Nokia and Microsoft considered a joint takeover bid of their own, for Research in Motion.

Read more: Bloomberg News