Huawei may have found a buyer for its Honor smartphone business
November 11, 2020
Huawei may sell its budget technology brand to a coalition of buyers that includes major partners and even the local Shenzhen government. Reuters is reporting that Honor, the low-er end arm of Huawei’s sprawling tech conglomerate, will be sold in its entirety for an all-cash price of $15.2 billion. As well as Shenzhen, the buyers include Digital China, a distributor and Huawei partner, as well…