According to Bloomberg's report, neither Volkswagen AG nor Vingroup JSC wants to buy LG Electronics' loss-making smartphone business. Currently, these represent the sum total of negotiations that LG has had with other parties.
Earlier this year, LG's CEO stated that the company was considering all options for its smartphone business. Apparently, LG's failure to attract potential buyers has left its smartphone business at risk of being closed altogether.
Development of the LG Rollable remains ongoing, but it may not receive a commercial release anymore. However, all future smartphone development has been shelved, presumably until a resolution is found.
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