HP to Buy Samsung's Printer Business in $1.05 Billion Deal

Samsung will invest $100 million to $300 million in HP through open market purchases once the deal is through.

By Reuters •

Reuters | Jim Young

This story originally appeared on Reuters

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)

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