PrinterBusiness
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HP buying Samsung's printer business for $1.05 billion
Samsung's board has approved the sale of its printer operation to HP for $1.05 billion "to concentrate on its core business areas," it said in a press release. It plans to spin off the printer division into a separate company as of November 1st, then sell it its US rival, pending shareholder approval. Samsung's printer business employs 6,000 people and sold 2 trillion won ($1.8 billion) in printers in 2015.
