HP to Acquire Samsung Printer Business for $1.05 Billion
Posted on: 14 Sep 2016 09:37:31
14 September 2016 Current Affairs: 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.
HP : The Hewlett-Packard Company was an American multinational information technology company headquartered in Palo Alto, California. It developed and provided a wide variety of hardware components as well as software and related services to consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors.
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