Huawei to sell Honor smartphone business for $15 billion

Four weeks ago, Huawei entered negotiations with potential buyers regarding a partial sale of its Honor smartphone business. A month on, the giant seems to have reached an agreement. 
Huawei is selling its entire Honor smartphone unit
Speaking to , people with knowledge of the matter have revealed that Huawei recently reached a deal valued at $15.2 billion (100 billion yuan) to sell its entire Honor smartphone division, rather than part of it as initially proposed.

The new owner is a consortium headed by Digital China, a distributor that already sells Honor smartphones, and the ...

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