Nokia Breakup Worth 52% Gain to Battered Shareholders: Real M&A - Businessweek

Additional challenges (and/or opportunities) for Nokia

Nokia Oyj, the world’s largest mobile-phone maker, has destroyed so much shareholder value that it may be worth 52 percent more if sold and broken into pieces.

The Espoo, Finland-based company, once worth almost $300 billion, has seen its market value tumble 77 percent to $25.6 billion yesterday since Apple Inc. introduced the iPhone in June 2007. Including net cash, Nokia is cheaper than its 10 biggest rivals based on earnings before interest, taxes, depreciation and amortization, according to data compiled by Bloomberg.

Nokia Breakup Worth 52% Gain to Battered Shareholders: Real M&A - Businessweek