Huawei to Sell Its Budget Honor Brand for $15B to Digital China and Others

(Source: themrphone) 

Huawei is selling its low-budget smartphone line Honor brand to a consortium including Chinese IT provider Digital China, three state-owned companies and electronics company TCL in a 100 billion yuan ($15.2 billion) deal, according to a Reuters report. 

The news coincides with the rumor spread in October that said Huawei was in talks…