• HP buys Samsung’s $1 billion printer business

    HP buys Samsung’s $1 billion printer business

    United States of America’s computer giant HP has struck a deal to take over Samsung’s $1 billion (£750 million) printer business.

     

    HP said the acquisition would help it to “disrupt and reinvent” the $55 billion copier industry, a segment that “hasn’t innovated in decades”.

    It is buying a big printing presence in Asia, as well as Samsung’s laser printing technology and patents.The deal comes days after HP’s sister company sold its software business to rising UK tech champion Micro Focus.

    Hewlett-Packard split into […]

  • Samsung to sell its printer business to HP for $1.05bn

    Samsung to sell its printer business to HP for $1.05bn

    Following rumors that first started to circulate last week, Samsung has now confirmed that it intends to sell its printer business to HP in a deal worth $1.05 billion.

    Samsung’s board of directors approved the sale of its Printing Business Unit during a meeting in Seoul today, with a follow-up meeting with shareholders scheduled for October. If given the go-ahead from shareholders, Samsung says it will spin-off its printer business into a new standalone entity on November 1, with HP purchasing […]