Stories
Slash Boxes
Comments

SoylentNews is people

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

posted by cmn32480 on Monday September 12 2016, @03:19PM   Printer-friendly
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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
HP to Buy Samsung's Printer Business for $1.05 Billion | Log In/Create an Account | Top | 29 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 2) by LoRdTAW on Monday September 12 2016, @07:37PM

    by LoRdTAW (3755) on Monday September 12 2016, @07:37PM (#400890) Journal

    Was you 90's HP a 550 or 560? I had the 550 and it gave me years of good service.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
    Total Score:   2