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HP to Buy Samsung's Printer Business for $1.05 Billion

posted by cmn32480 on Monday September 12 2016, @03:19PM   
from the do-they-come-with-sharks? dept.

takyon writes:

Get ready for innovation in printing:

HP said the acquisition would help it to "disrupt and reinvent" the $55bn copier industry, a segment that "hasn't innovated in decades". It is buying a big printing presence in Asia, as well as Samsung's laser printing technology and patents. The deal comes days after HP's sister company sold its software business to rising UK tech champion Micro Focus.

[...] Samsung's printer business made $1.4bn in revenue last year and includes more than 6,500 printing patents as well as nearly 1,300 staff with expertise in laser printer technology. Meanwhile, shares in Samsung fell 9% after it urged customers to hand in Galaxy Note 7 phones as they risk exploding.

Also at TechCrunch and Bloomberg.

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Original Submission

• Re:That sucks (Score: 2) by turgid on Monday September 12 2016, @07:02PM

  by turgid (4318) on Monday September 12 2016, @07:02PM (#400874) Journal

  I got a LaserJet IIP out of the local rubbish dump ("Recycling Centre") about 15 years ago, and cleaned it up. It worked perfectly for 6 years or so until it finally went south. I had to buy a new toner cartridge for it. The guy at the dump took £4 for his favourite charity (beer and snacks IIRC) in exchange for not looking while I put it in my car.

  --
  I refuse to engage in a battle of wits with an unarmed opponent [wikipedia.org].

  Parent

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