LG`s smartphone business may be on its way out.
What you need to know
LG may have found a suitor for its smartphone business, according to a new report.
The company may be considering selling to the Vietnamese conglomerate, Vingroup.
If a deal is struck, it`ll involve the company`s U.S. business.
When it comes to smartphones, there`s Samsung, there`s Apple, and then there are others. Some, like Xiaomi and Huawei, dominate in sales if not in mindshare. Others like Google and OnePlus, despite making some of the best Android phones, may lack in sales but make up for it in column inches. And then there`s LG, dominating neither in sales or mindshare, suffering loss year over year, the company may now be on the brink of selling its ailing smartphone business.
When reports broke last week, LG denied reports that it was planning to sell off its smartphone division. This week has proven LG`s denials to be `untrue`, and further reports have added some color to the situation. LG already h...
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