Use an example of your choice to discuss how corporate restructuring Essay - 3

Use an example of your choice to discuss how corporate restructuring transformed market, productive and financial performance - Essay Example The terms of the agreement are that Nokia will essentially transfer the whole of its Devices and Services business, which is the business division that makes Nokias cellular handsets, including all of the manufacturing facilities and more than 32,000 employees. This division is responsible for half of the total revenues of Nokia in 2012, and includes about 4,700 personnel who are based in Finland. That said, the deal does not include the portfolio of patents that Nokia has, which in essence will remain with Nokia, along with the Chief Office of Technology. This deal was approved by shareholders of Nokia in late 2013, and is touted by its leaders as the best alternative for the maximization of the value of the shareholders (Nokia 2013; Stoll 2014; Ricknas 2014; Microsoft 2013; Ando and Rigby 2013; Garside 2013; Shankland 2013; Easa 2014). The deal also includes the licensing of all of Nokias portfolio of patents in Nokias portfolio for a span of 10 years, but this will not be exclusive, meaning that Nokia reserves the right to license its patents to other parties, and to make use of the patents for its own product development and related business purposes. A substantial portion of the sale price, 1.65 billion euros, is for this patent deal, to which Microsoft has the option to extend after the decade-long agreement expires, and that extension privilege is indefinite in its extent in time. Part of the deal also licenses Nokias mapping platform HERE to Microsoft, over a period of four years, and this part of the deal is expected to generate revenues for Nokia equal to the amount of revenues that HERE generates within Nokia (Nokia 2013; Stoll 2014; Ricknas 2014; Microsoft 2013; Ando and Rigby 2013). The deal transforms Nokia into a company that was in financial trouble from the losses in its devices unit into a powerhouse of important patents in the telecoms space, as well as an important provider of telecommunications infrastructure in Nokia