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SoftBank Corp is reportedly in discussions to invest approximately 100 billion yen ($684 million) in Sharp Corp, according to Kyodo News. The feasibility of this investment remains unclear. In a separate development, Chinese smartphone maker Honor has announced it received an undisclosed amount of investment from China Mobile's parent company. This investment is seen as a significant boost for Honor, which was spun out of Huawei Technologies four years ago, as it prepares for an initial public offering (IPO).
The parent of China Mobile Ltd. has invested in Honor Device Co., a big boost for a fast-expanding smartphone brand that was spun out of Huawei Technologies Co. just four years ago https://t.co/rWZBNBkT2Y
🚨🇨🇳HONOR SECURES INVESTMENT FROM CHINA MOBILE AHEAD OF IPO Chinese smartphone maker Honor announced on Friday that it has received an undisclosed investment from China Mobile's parent company as it prepares for an initial public offering (IPO). Honor, formerly a unit of… https://t.co/Vwxum6edvu
Chinese smartphone maker Honor gets investment from China Mobile https://t.co/ZBuMMvIXJR https://t.co/inXR4VEf56