The deal can be officially announced around November 20
Sources claim that rumors of Huawei selling the Honor brand were not unfounded. Androidheadlines reports that the secret sale has already taken place. At the same time, representatives of Honor refrained from commenting, although usually in such cases the companies deny clearly false information.
Huawei secretly sold the Honor brand
The source reports that the deal could be officially announced around November 20. The post-sale joint venture is set to go public in three years. The deal was also reportedly closed on the condition that the new company can buy and use 5G chips.
Honor was founded by Huawei. Both companies have frequently released similar smartphones under different brands. However, due to pressure from the United States, Huawei has decided to sell the successful brand so that it can grow on its own.
If Huawei’s idea works, then Honor owned by another company will be able to purchase components from various companies and use Google services without any problems.
