HP to Buy Samsung's Printer Business in $1.05 Billion DealSamsung will invest $100 million to $300 million in HP through open market purchases once the deal is through.

ByReuters•

This story originally appeared onReuters

Reuters | Jim Young

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)

Wavy Line

Editor's Pick

Related Topics

Hewlett-Packard Acquisitions News and Trends Samsung

Most Popular

See all
Business News

'This Is My Life Now': Man Hysterically Documents Elon Musk's 'X' Sign Blaring Flashing Lights Into His Bedroom Window

The sign, reportedly put up without a permit, is shining bright at X HQ in San Francisco.

By Emily Rella
Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

By Amanda Breen
Resumes & Interviewing

This AI Resume Tool is Only $29.97 So You Can Make Job-Hunting Easier

Expand your growth potential with this back-to-school sale.

由Entrepreneur Store
Living

How Spending Time Alone Has Transformed My Life

It's time to embrace the power of spending time alone.

By Jessica Dennehy
Thought Leaders

So, You've Been Hacked. These are the Best Practices for Business Leaders Post-Hack

The lasting effects of a cyber incident can impact an organization's reputation, customers, workforce, databases and network architecture.

By Apu Pavithran
By Leigh Ann Cannady