Huawei to sell $15 billion Honor unit to Shenzhen government, Digital China, others: Sources

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.

from Gadgets Now https://ift.tt/2GURPEQ