Sep
12
HP Buys Samsung's Printer Business in $1.05 Billion Deal
Posted in: Uncategorized
HP sees its future in copiers and printers.
The personal-computer maker has agreed to buy Samsung’s printer business for $1.05 billion, betting that it can grab share and generate income, even in a shrinking global market.
The deal will add to earnings in the first full year, HP said in a statement Monday. As part of the agreement, Samsung has committed to buy $100 million to $300 million worth of HP shares on the open market after the acquisition closes, the companies said.
Post a Comment