LG Electronics Inc. may shutter its mobile communication business rather than sell it, DongA Ilbo reports, citing an unidentified person in the electronics industry.
Negotiations with Germany’s Volkswagen AG and Vietnam’s Vingroup JSC on possible sale of the smartphone business seemed to have failed, according to the report. LG Electronics’ CEO said in January that all options were on the table for the loss-making operation.
The company was said to have halted development last month of phones with a rollable display, and DongA said Sunday that LG has shelved a planned first-half rollout of all new smartphones. LG may share its decision on the business’ fate with employees as soon as early April, the DongA report said.
In other news – PICS: Somizi and Vusi Nova show off engagement rings?
In the wake of nasty divorce rumours, it seems as if Somizi and Vusi Nova fueled the speculation with some series of photos.
Somizi and Vusi Nova have seen themselves trending after their latest viral pictures left Mzansi confused and wondering. Learn more