LG reportedly in talks to sell smartphone business to Vietnamese conglomerate

LG Electronics has been making headlines with swirling reports that the company plans to exit the smartphone business. The latest development involves a Vietnamese conglomerate who is reportedly in talks of buying the smartphone business from LG Electronics.

According to BusinessKorea, Vietnam’s Vingroup Co has put the most attractive offer to buy LG’s smartphone business. The company accounts for 14% of Vietnam’s market capitalization of rostered Vietnamese corporations. It has a diverse portfolio of businesses with hands in various industries including inns, real estate, distribution ,…

Read more: gsmarena.com