Tuesday, 10 November 2020

Huawei to sell $15 billion Honor share to consortium led by Digital China

Last month there were speculations that Huawei is looking to sell part of its Honor sub-brand. The main reasoning behind the deal is to circumvent the multiple trade bans enforced by the US government. As per the latest Reuters report, Huawei is looking to sell off a $15 billion share of Honor to a consortium led by the Shenzhen government and IT service supplier Digital China. Previous reports speculated the deal to be in the $2.2 billion - $3.7 billion range. The new figures were disclosed by unnamed sources who claim the deal will be finalized as soon as this Sunday. Huawei will...

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