HP to Buy Samsung’s Printer Business in $1.05 Billion Deal
Samsung will invest $100 million to $300 million in HP through open market purchases once the deal is through.
This story originally appeared on Reuters
HP Inc. said it would buy Samsung Electronics Co. Ltd.’s printer business in a deal valued at $1.05 billion.
The acquisition is expected to add to HP’s earnings in its full year after closing, the company said on Monday, adding that Samsung will invest $100 million to $300 million in HP through open market purchases once the deal is through.
(Reporting by Ismail Shakil in Bengaluru; Editing by Gopakumar Warrier)
HP Inc. said it would buy Samsung Electronics Co. Ltd.’s printer business in a deal valued at $1.05 billion.
The acquisition is expected to add to HP’s earnings in its full year after closing, the company said on Monday, adding that Samsung will invest $100 million to $300 million in HP through open market purchases once the deal is through.
(Reporting by Ismail Shakil in Bengaluru; Editing by Gopakumar Warrier)
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