Huawei to sell Honor smartphone unit to Shenzhen government, others in $15 billion deal
November 11, 2020
(Reuters) — Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters.
The plan comes as U.S. restrictions on supplying Huawei force the world’s second-biggest smartphone maker — after South…