HP is buying Samsung's printer business for $1.05 billion
 

HP is buying Samsung's printer business for $1.05 billion
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HP is buying Samsung Electronics Co.'s printer business in a transaction worth $1.05 billion.*

HP said Monday that it is the largest print acquisition in the company's history and will help it go from traditional copiers to multifunction printers.*

HP also said the deal will strengthen its position in laser printing, which it established with Ca**n. Samsung's printer business includes more than 6,500 printing patents.*

SEE ALSO: Samsung's Galaxy **te7 debacle is a gift to Apple


The deal is expected to close within a year.*

Last week Hewlett-Packard Enterprise Co. an**unced that it would spin off a big chunk of its business software line-up in an $8.8 billion deal with Micro Focus International PLC.* Read more...

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