Monday, September 12, 2016

Samsung Sales Its Printer Business To HP For $1.05 billion

South Korean giant Samsungis officially selling its printer business to HP for whooping $1.05 billion "to concentrate on its core business areas." meanwhile, HP sees the deal as a way "to disrupt and reinvent the $55 billion copier industry, a segment that hasn't innovated in decades."

By November 1, the Samsung's printer division will become a separate company and then it'll be finally sold to HP.
Statistics shows that the business currently provide work and employs 6,000 people and records a revenue of $1.8 trillion in 2015.

Additionally, according to gsmarena, HP will get Samsung's over 6,500 printer-related patents as well as 1,300 engineers and researchers. Samsung won't stop selling printers with its own brand in South Korea, but they'll be manufactured by HP.

3 comments:

  1. Is there any area that SAMSUNG hasn't invested in?

    THE south Koreans will soon be looked upon as world power

    ReplyDelete
  2. Is there any area that SAMSUNG hasn't invested in?

    THE south Koreans will soon be looked upon as world power

    ReplyDelete
  3. Is there any area that SAMSUNG hasn't invested in?

    THE south Koreans will soon be looked upon as world power

    ReplyDelete