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 Sep 12, 2016

Share

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)

Reuters

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

How to Reinvent Yourself and Live the Wealthy, Purposeful Life That's 'Literally a Few Clicks Away,' According to an Award-Winning Business Professor
The 10 Best Ways to Break a Bad Habit, According to Science
This Franchise Saves 6 Items From Landfills Every Second. Here's How It Thinks About Sustainable Growth.
Thinking of Starting a Business? 2025 May Be Your Year.
Dry January, Anyone? He Started a Side Hustle After a 'Scary' Night of Drinking — and It's Exceeded $50 Million Revenue With 0 Outside Investment.
I Made Over $4 Million on Upwork While Battling Kidney Disease. Here's How I'm Helping Patients Like Me Achieve Health and Financial Freedom.

Most Popular

See all

Side Hustle

After an Eye-Opening Trip to Home Depot, This Grandfather Started a Side Hustle on Amazon — and Did About $500,000 in Sales Last Year

Joshua White was shopping with his daughter when he recognized a real problem he wanted to solve.

By Amanda Breen

Business News

'Challenges Are Opportunities': Reebok's 89-Year-Old Founder Is Launching the World's First Futuristic AI Shoe

Joe Foster co-founded Reebok in 1958. Now, he's partnering with a 25-year-old entrepreneur to debut what they say is the first commercial shoe made with AI.

By Sherin Shibu

Business Solutions

The AI Tool Your Competitors Don't Want You to Know About

Affordable AI solutions for businesses of all sizes.

By Entrepreneur Store

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By Eve Gumpel

Starting a Business

5 Steps for Turning Your Invention Idea Into a Product

Got a great idea for an invention but not sure what to do with it? Follow these steps to turn your idea into a marketable product.

By Sarah Pierce

Growing a Business

How to Build, Grow and Make Money With Ecommerce

To grow your online business, you need to develop a strategy and invest your time wisely. These actionable tips can attract customers and increase online revenue.

By Jason Parks