Nokia declines to comment on media report of hostile takeover bid
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(Reuters) - Nokia declined to comment on Thursday on a media report saying it was working with an investment bank to defend itself from a hostile takeover, the news which sent its shares sharply higher."Nokia does not comment on market rumours," said a Nokia spokesman.Earlier on Thursday shares in Nokia surged 12.5% with traders pointing to a report by online newspaper TMT Finance that said Nokia was working to defend itself from a hostile takeover bid for parts of its business or the whole..