Reports of a potential sale of Honor by Huawei have cropped up yet again, stating that the Honor brand could be sold to a Chinese consortium led by Digital China and the Shenzhen government.
Last month, reports started popping up about a potential sale of Honor, a more budget-oriented smartphone division of Huawei, to a third-party. Today, a follow-up report claims that a sale is in the works, with the buyer buying a Chinese consortium led by Digital China – a company currently responsible for the distribution of Honor devices in the country – as well as the local Shenzhen government. The deal is said to be worth 100 billion yuan ($15.2 billion), four times more than the original report suggested, and it includes everything from the brand, research and development, and supply chain management.
