Rumor: the automotive giant will buy Meizu

(ORDO NEWS) — Meizu has had problems in recent years. The company, which once successfully fought on equal terms with Xiaomi, now very rarely releases new devices.

Now, information has appeared on the network that all this has led to a quite expected finale – a larger player plans to buy out the company. According to ITHome, we are talking about the automotive giant from China represented by the Geely Group.

It is reported that right now the deal to buy Meizu is in the process – experts are conducting a comprehensive review.

It should be noted that despite the fact that right now there is no exact information about the amount of the transaction, earlier the founder and chairman of the board of Geely Holding Group, Li Shufu, said that his company intends to invest 10 billion yuan (about $ 1.6 billion) in the field of mobile phones. technologies.

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