Huawei is selling Honor to government-backed consortium
Earlier this month, it was reported that Huawei was looking to sell its budget sub-brand Honor to a consortium, potentially saving Honor from the various trade embargoes placed on its parent company. The deal has now gone through, ceding control of Honor to a government-backed group of companies.
Honor is being sold to a consortium of over 30 agents and dealers, according to a joint statement from 40 of the companies involved in the purchase.
Read MoreHuawei is selling Honor to government-backed consortium was written by the awesome team at Android Police.
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Corbin Davenport The deal will create a new parent company for Honor, with Huawei holding zero ownership
Earlier this month, it was reported that Huawei was looking to sell its budget sub-brand Honor to a consortium, potentially saving Honor from the various trade embargoes placed on its parent company. The deal has now gone through, ceding control of Honor to a government-backed group of companies.
Honor is being sold to a consortium of over 30 agents and dealers, according to a joint statement from 40 of the companies involved in the purchase.
Read MoreHuawei is selling Honor to government-backed consortium was written by the awesome team at Android Police.
https://ift.tt/2Uyy0X0 November 17, 2020 at 01:59AM
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