LG looking to shut shop, unable to find buyers
Reportedly, LG was said to be in talks with Vingroup as well as Volkswagen as potential buyers for the company’s mobile business. However, there were no fruitful negotiations from both sides as the asking price was just too high. Therefore, LG is said to be looking at an option just closing down its smartphone business instead of selling it.
Mar 23, 2021, 16:30 PM IST