Lenovo? So The Rumors Start - Some Idle Speculation About Nokia Buyers

Essentially,

"The big value in Nokia is its patents portfolio. Before Elop took over, Nokia's patents portfolio was the strongest in the industry. Motorola was sold to Google mostly for its patents, and the smaller Motorola patents collection yielded a price of 11 Billion dollars for Google to pay. Nokia's bigger portfolio is arguably more valuable, even if we discounted all other Nokia units to zero. And by current market capitalization, Nokia is worth less than what Google paid for Motorola's patents. Remember, just Apple alone pays Nokia in the tune of between 1 and 2 Billion dollars per year in intellectual property fees."