Huawei negotiating the sale of parts of Honor's smartphone business

Yordan, 14 October 2020

Last week an analyst said that Huawei is considering the sale of the Honor business. Huawei employees took it to Weibo to refute the claims and the story was even retracted.

However, a new report by Reuters appeared today, saying the phone manufacturer is in talks with a company called Digital China to offload parts of the smartphone business of its sub-brand in a deal worth CNY15 billion - CNY25 billion ($2.2 billion - $3.7 billion).

Reuters: Huawei on the verge of actually selling Honor

According to the report, other prospective buyers are TCL, the conglomerate that currently makes alcatel devices, and Xiaomi - a leading smartphone company and main Huawei competitor in multiple markets across the globe.

Sources were not named since talks were confidential and all sides declined to issue an official comment, but one of the insiders speaking to Reuters suggested the deal might end up being all-cash.

The brand was established in 2013 and while it was initially sold as a phone line within the Huawei portfolio, lately it has been operating independently, releasing various gadgets on the global scene such as watches, earbuds, and laptops.

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  • trusdrow

Well, that's you personal opinion, and that's fine. It's only that it's not true for most other people. You can look every list, many reviewers, and whole lot of people that compare these. And most of them say: Huawei is the bes...

  • Adul Al Salami Kebab

Most of these are just US & friends saying "no bad Huawei" for selling things to people they do not like, when they also say same thing when they sell to people they like? I am fairly sure that make no sense at all... Sounds more like t...

  • Adul Al Salami Kebab

My dear sir I would argue that camera quality is a very subjective and often differ depending on the person you ask rather than any scientific data, sure there is the DxO score but I have noticed most often do not consider them as a valid argument fo...

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