Huawei said to divest Honor smartphone business for US$15 billion to Chinese consortium

//Huawei said to divest Honor smartphone business for US$15 billion to Chinese consortium

Huawei said to divest Honor smartphone business for US$15 billion to Chinese consortium

Huawei Technologies plans to divest its Honor budget smartphone business in a deal worth 100 billion yuan (US$15.1 billion) to a consortium led by information technology services firm Digital China Group, according to a Reuters report on Tuesday.The all-cash sale will include almost all assets including brand, research and development capabilities, and supply chain management, according to the report, which cited people with knowledge of the matter.Huawei had no comment on the reported…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-11-10T11:40:20+00:00 November 10th, 2020|Technology|Comments Off on Huawei said to divest Honor smartphone business for US$15 billion to Chinese consortium