LG may shut down its mobile business, according to a local newspaper report. The Korea based firm tried to sell the unit, but negotiations with Germany’s Volkswagen and Vietnam’s Vingroup JSC failed said the report. “ ..it is about time for LG to make a cold judgment and the best choice…The company is considering all possible measures, including sale, withdrawal and downsizing of the smartphone business,” the LG CEO said in an internal memo.

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