Reuters: Huawei will sell Honor for SEK 131 billion

Honor started as a smartphone series from Huawei but later became its own brand. According to Reuters, Huawei will sell Honor to a consortium consisting of Digital China and the Shenzhen government.

The cost of the takeover is said to be the equivalent of SEK 130.82 billion. According to Reuters sources, the deal will include “almost all” of the assets as well as the research and development division.

The alleged sale of the Honor brand comes about 1.5 years after the US blacklisting of Huawei. Both Huawei and Honor have chosen not to comment on the report.

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