At the beginning of October, we wrote that Huawei was considering the possibility of selling the Honor division, and now
What is known
According to a news agency reportReuters, Huawei is selling Honor to a consortium of companies led by Digital China Group and the government of the Chinese city of Shenzhen. The deal is rumored to be worth 100 billion yuan. This is approximately 15.2 billion dollars.
By the way, Digital China is a long-time partner of Huawei and,In addition, the largest distributor of Honor devices. At one time, the company was founded by Legend Holdings, which in 2001 was renamed Lenovo. At the same time, Digital China separated from Lenovo and became independent.
The sale of Honor will help Huawei recoup some of its costs. In addition, such a decision will allow the brand to continue to exist in the market without falling under US sanctions.
Source: Reuters
Photo: 9to5Google
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