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Huawei reportedly selling Honor for 11.5 bn

2020-11-10 01:00:00| Total Telecom industry news

Back in October, rumours began to fly that Huawei was looking to offload its smartphone business unit Honor for around 25 billion yuan (£2.9 billion). Today, reports suggest that a Chinese consortium may in fact pay around three times as much for the business, with estimates as high as 100 billion yaun (£11.5 billion).   Huawei first launched Honor back in 2013 as something of a budget smartphone range…read more on TotalTele.com »

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BP Reportedly Close to Selling London Headquarters

2020-11-03 22:35:00| OGI

British oil major BP Plc is close to selling its central London headquarters for about 250 million pounds (US$325.65 million) as the coronavirus pandemic has forced the company to cut costs, the Financial Times reported.

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Shale Gas Producer EQT Reportedly Seeking to Buy CNX Resources

2020-10-22 22:35:00| OGI

EQT had recently sent a takeover proposal to rival CNX Resources, a report said, adding that no final decision has been made.

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Pioneer Natural Resources Reportedly in Talks to Buy Parsley Energy

2020-10-20 11:10:00| OGI

Pioneer and Parsley, both Permian pure-plays, are discussing an all-stock deal and could be completed by the end of the month if talks dont fall apart, a report by the Wall Street Journal said citing people familiar with the matter.

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ConocoPhillips Reportedly in Talks to Buy Shale Producer Concho Resources

2020-10-14 11:05:00| OGI

ConocoPhillips and Concho Resources  may announce a deal in a few weeks, a report said, adding that no final decision has been made and talks could fall through.

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