HP to ac­quire Sam­sung print­ers

Electronics Bazaar - - Industry News -

HP Inc. has agreed to buy Sam­sung Elec­tron­ics Co.’s printer busi­ness for US$ 1.05 bil­lion, a deal de­signed to help the Sil­i­con Val­ley com­pany ex­pand into high-vol­ume de­vices that han­dle print­ing and copy­ing for of­fice work groups.

The trans­ac­tion, which is sub­ject to reg­u­la­tory ap­proval, is ex­pected to close within 12 months. Af­ter it is com­pleted, Sam­sung has agreed to make an eq­uity in­vest­ment of US$ 100 mil­lion to US$ 300 mil­lion in HP through open-mar­ket stock pur­chases.

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