HP to Acquire Samsung Printer Business for $1.05 Billion

HP Inc. agreed to buy Samsung Electronics Co.’s printer business for $1.05 billion, a deal designed to bolster the Silicon Valley company’s offerings in the market for high-volume devices that handle printing and copying for office workgroups.

The transaction, which is subject to regulatory approval, is expected to close within 12 months, the companies said on Monday. Samsung also agreed to buy between $100 million and $300 million in HP shares through open-market purchases after the business sale is completed.
So let’s discuss some questions related to this post:
1. HP Inc. agreed to buy which Electronics Co.’s printer business for $1.05 billion?
Source – The Hindu

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