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HP Agrees to Acquire Samsung Printer Business for $1.05 Billion

Don Clark and Eun-Young Jeong, reporting for the WSJ:

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 work groups.

I had no idea Samsung had a printer division worth $1 billion.

Update: HP’s visionary leadership in this acquisition brings to mind this gem from The Onion back in 2011: “New Apple CEO Tim Cook: ‘I’m Thinking Printers’”.

Monday, 12 September 2016