Technology
Huawei in talks to sell parts of its Honor smartphone business – iTnews
Deal could fetch up to $5.2 billion.
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 (A$5.2 billion), people with knowledge of the matter said.
Embattled Huawei is resetting its priorities in the face of US sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.
The assets to be sold have yet to be finalised but could…
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