Shares in the parent company of handset manufacturer, Sagem rose sharply towards the end of October after Motorola said that it was interested in a possible purchase of the handset vendor.
Following statements by Motorola reported in French media, France's Safran, the company that owns Sagem, said that it had noted that Motorola had stated its interest in a linkup with its mobile phones business.
Ron Garriques, president of Motorola's mobile device business is reported the have said that Motorola was primarily interested in Sagem's staff, more than any IPR that the company might own.
The French government is a major shareholder in Safran, owning over 30%.
Motorola is the second largest mobile handset manufacturer in the world after Nokia, and given the launch of an array of aesthetically pleasing, ultra-slim handsets, has been gaining ground on the Finnish market leader.
No timeframe has been estimated regarding a tie-up with Sagem.