HP to Acquire Samsung Printer Business for $1.05 Billion
Free Current Affairs to Your Email
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.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail