Huawei in talks to sell parts of its Honor smartphone business: Sources

📆 2020-10-14 5:40 AM
📰 The Straits Times

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HONG KONG (REUTERS) - Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan (S$5.04 billion), people with knowledge of the matter said.. Read more at straitstimes.com.

HONG KONG - Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan , people with knowledge of the matter said.

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said. Kuo Ming-chi, an analyst at TF International Securities, has said that any sale by Huawei of the Honor smartphone business would be a win-win situation for the Honor brand, its suppliers and China's electronics industry.

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