Worldwide demand for printers may be slipping, but HP Inc. is reaching for a bigger piece of the pie. HP announced an agreement with Samsung to buy the South Korean company’s printer business for $1.05 billion, according to Fortune.
The deal, expected to be finalized within a year, benefits both companies. With the acquisition, HP gains market presence in Asia and access to Samsung printing technology. And by divesting itself of printing, Samsung can focus on its smartphone, television, and memory chip products.
http://www.foxnews.com/tech/2016/09/12/hp-buying-samsungs-printer-business-for-more-than-1-billion.html | News Today
Post time: May-17-2017