- Huawei is in talks with Digital China Group and other buyers to sell parts of its Honor smartphone business, Reuters reported.
- The deal could be worth up $3.7 billion, a person familiar with the matter told Reuters.
- The Chinese tech giant, facing heavy US sanctions, wants to concentrate on its high-end Huawei phones from now on, sources said.
- Other potential buyers include smartphone maker Xiaomi and TCL Technology, the report said.
- Visit Business Insider’s homepage for more stories.
Huawei is in talks to sell parts of its Honor smartphone business in a deal which could fetch up to 25 billion yuan ($3.7 billion), Reuters reported.
Huawei, which faces heavy sanctions in the US, wants to step away from developing its low-cost Honor phones and instead concentrate on high-end Huawei devices, according to people familiar with the matter.
Digital China Group, the main distributor for Honor smartphones, is the frontrunner to land the deal, the people told Reuters.
It is competing with smartphone manufacturer Xiaomi Corp and Chinese electronics company TCL Technology, they said.
Honor’s brand, research and development capabilities, and its supply chain management business could be included in the deal according to two of the people.
One of them said that the deal could be an all-cash sale, worth between 15 billion yuan ($2.2 billion) and 25 billion yuan ($3.7 billion).
Huawei was put on the US’ Entity List in May 2019. This means that American companies are banned from doing business with Huawei, and can only trade with it if they get special permission from the Trump administration.
Digital China, TCL, and Xiaomi did not immediately respond to requests for comment. Huawei declined to comment.
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Flipkart has announced partnerships with several banking, insurance and financial service entities, ahead of The Big Billion Days, to make shopping on the platform more affordable than before.
Through these partnerships, the company is offering affordable credit options through seventeen leading banks, NBFCs (non-banking financial companies) and fintech players on the platform, which will drive credit accessibility for over 70 million customers.
Flipkart has partnered with State Bank of India (SBI) and SBI Card to provide a 10 per cent discount to their debit and credit cards holders.
“At Flipkart, customer-centricity is at the heart of all our endeavors, as we create increased shared value for all our stakeholders and partners in the ecosystem. By facilitating credit and insurance access, and simplifying payments for over 250 million customers across the country, we are reinforcing our commitment to helping fulfill their aspirations without the burden of financial constraints. Through these partnerships and their expansion, we hope to take the promise of The Big Billion Days to more customers to enable meaningful growth,” said Flipkart head of fintech and payments group Ranjith Boyanapalli, in a promising tone.
With the launch of Kotak Mahindra Bank and Federal Bank Debit Card EMI payment option, customers can now avail pre-approved credit from seven leading banking and fintech giants.
“We are delighted to associate with Flipkart as an exclusive credit card partner for the flagship The Big Billion Days shopping festival. We have had a long association with Flipkart and this is another collaboration which will bring our customers the best from both partners. SBI Card customers can
By now, you’ve hopefully gathered a vast collection of face masks. The Centers for Disease Control and Prevention recommends all Americans over the age of 2 wear some sort of face covering in public, whether it’s at school, the grocery store, or back to the office, and if you need to stock up on protective gear, you’ll want to head over to Amazon this weekend.
The retail giant has a massive selection of face masks and shields, but there’s a secret way Prime members can score them for less. Amazon has a section called Just for Prime that’s filled with thousands of discounted disposable and reusable face mask options.
Disposable Face Masks Deals for Prime Members:
If you’re going the disposable route, the Eventronic filtered masks have over 1,400 five-star reviews from customers who say their snug fit makes them easy to wear with glasses. Prime members can score a pack of 50 for just under $10. For those wanting a more stylish disposable option (read: not your regular blue surgical mask), these sleek all-black face masks might be your best option. They’re made from three layers that are designed to offer comfort and breathability, but that also effectively filter particulate pollutants in the air.
Buy It! Eventronic Disposable Filter Masks, $9.87 (orig. $10.97); amazon.com; Eventronic 3-Ply Breathable Face Masks with Comfortable Elastic Ear Loop, $14.39 (orig. $19.99); amazon.com
Reusable Face Mask Deals for Prime Members:
Since wearing a face mask will be our new normal for the foreseeable future, it’s a good idea to invest in some reusable options, too. Anyone can save $2 on this four-pack of pleated face masks by clipping the special coupon, but Prime members can save just a little more on them. For something a little more fun, this pack of eight
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South Africa is planning to auction off more than 8 billion rand ($483 million) of high-speed internet spectrum following years of delays, giving a boost to wireless carriers such as Vodacom Group Ltd. and MTN Group Ltd.
The move will help to revive the economy by producing a rise in investment in broadband while helping to lower data costs, Independent Communications Authority of South Africa Chairman Keabetswe Modimoeng said at a briefing on Wednesday. Units of various bandwidth are priced at between 9.8 million rand and 1.16 billion rand, he said.
Vodacom and MTN, the country’s telecom market leaders, have long called for the release of spectrum to grow in their domestic market. Previous attempts at starting the auction have floundered on political disputes over how it should proceed and who should benefit, and the matter is one of several planned reforms to have been mired in bureaucracy.
Vodacom and MTN said they would review details on the auctioning process when Icasa releases the conditions by no later than October 2. The companies are also pleased that a temporary release of new spectrum to help carriers deal with a surge in demand for data during South Africa’s strictest form of coronavirus lockdown has been extended to March 2021, with the completion of the auction.
Read More: Return of Same Old Problems Can Stall South Africa’s Rebound
President Cyril Ramaphosa included the auction of internet capacity in plans to revive the economy earlier this month, alongside moves such as curbing corruption and simplifying mining rules. South Africa is deep in recession, with an existing slump exacerbated by lockdowns to contain the coronavirus.
Interested parties can bid for spectrum until the end of
Joe Biden’s “will you shut up, man?” line from the first presidential debate on Tuesday night could prove very profitable, with someone trying to earn $175,000 by selling the standout quote as a domain.
Biden’s retort came as he became agitated by President Donald Trump’s interruptions. While discussing the Supreme Court, Biden was struggling to be heard over Trump’s interruptions. Biden snapped and told Trump “will you shut up, man?”, before calling his Republican rival a clown.
The “shut up” remark was popular with supporters of Biden and critics of Trump, with some viewers frustrated at the disordered nature of the debate which led moderator Chris Wallace to face heavy criticism for struggling to keep the debate on track.
Aside from sparking fresh meme content for use for the rest of the campaign, the Biden team was quick to capitalize on the success of the line, creating and selling t-shirts for $30 within hours of the debate ending. The black t-shirt features an image of Trump with the quote layered on top and the Biden Harris logo beneath.
However, the Biden team are not the only ones hoping to profit off the quote. The Biden-inspired domain name willyoushutupman.com is for sale with the current asking price of $175,000 or $14,583 a month.
The domain is being sold by a private seller, who describes the domain name as “the catchphrase that will be remembered for years” on Dan.com. A spokesperson from Dan.com told Newsweek that