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Nokia has at least one thing in common with a classic automobile that needs lots of work done: Breaking it down and selling off its parts is more valuable than leaving it intact.

The Finish-based company would be worth 52 percent more if it is split up into pieces and sold off, according to Bloomberg. Nokia has a market value of $25.6 billion, which is a far cry from its peak of $300 billion.

The company could be broken up into three different divisions — mobile phones, infrastructure equipment and mapping software — and sold to the highest bidder. If you combine the predicted sales from those three portions with all of Nokia’s patents the total is $39 billion, according to Bloomberg’s estimates.

So, who exactly would be interested in buying scrap pieces of Nokia? Microsoft clearly has the most interest in Nokia’s mobile division, but the company already has agreements in place that might mean it wouldn’t make sense for Microsoft to buy it. Samsung, HTC and Motorola might also be potential buyers if a Nokia breakup ever does come to pass.

Earlier this week the company indicated revenue for its handsets and services would be substantially lower than its predictions for the quarter and scrapped its yearly forecasts. Such news may lead major shareholders to decide that Nokia better off broken up and sold.

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