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Xiaomi mentioned as one of the potential buyers for Honor as Huawei allegedly eyes up 25 billion yuan (US$3.73 billion) deal

Rivals like the Honor 20 Pro and Redmi Note 9 Pro could soon be stablemates. (Image source: Honor/Xiaomi - edited)
Rivals like the Honor 20 Pro and Redmi Note 9 Pro could soon be stablemates. (Image source: Honor/Xiaomi - edited)
Xiaomi is believed to be one of the potential buyers for Huawei’s sub-brand Honor if such a deal is being planned. Other companies connected with the alleged sell-off include Digital China and TCL. Huawei has denied the rumor in the past but such a sale could be good for both Honor and its founder in terms of sustainability and growth.

It has been rumored for some time that Huawei might be considering offloading Honor. The noted analyst Ming-Chi Kuo already suggested it earlier this month, and now a report from Reuters has quoted various sources stating that talks are going ahead in regard to such a move. Although Digital China is mentioned as the main prospect for a sale, both Xiaomi and TCL are also revealed as potential Honor buyers.

Selling Honor could be seen as a smart move for Huawei. Obviously, the company has had issues thanks to the US-China trade conflict, which in turn will likely stunt further growth for the budget-oriented offshoot. By selling Honor to another electronics-based firm, the parent company would be giving its sub-brand the opportunity to flourish in markets that it is currently locked out of.

As well as allowing Honor to grow as part of another company, the cash injection would certainly help Huawei shore up its defenses in the domestic market. Reuters reports that the deal could be worth up to 25 billion yen (US$3.73 billion) for Huawei. Any of the trio of companies mentioned would be a good home for Honor: Xiaomi could market the brand in a similar manner to Redmi, TCL has already worked alongside (or owned) noted names such as BlackBerry and RCA, and Digital China has connections with Lenovo.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2020 10 > Xiaomi mentioned as one of the potential buyers for Honor as Huawei allegedly eyes up 25 billion yuan (US$3.73 billion) deal
Daniel R Deakin, 2020-10-17 (Update: 2020-10-17)
Daniel R Deakin
Daniel R Deakin - Managing Editor News
My interest in technology began after I was presented with an Atari 800XL home computer in the mid-1980s. I especially enjoy writing about technological advances, compelling rumors, and intriguing tech-related leaks. I have a degree in International Relations and Strategic Studies and count my family, reading, writing, and travel as the main passions of my life. I have been with Notebookcheck since 2012.