HP buys Samsung's printer business
 

Prints off a $1.05 billion dollar cheque

The maker of expensive printer ink, HP has written a $1.05 billion cheque for Samsung's printer business.

The move is supposed to give HP a leg up into the world of high end printing. The transaction, which is subject to regulatory approval, will take a year to sort out. After it is completed, Samsung has agreed to make an equity investment of $100 million to $300 million in HP through open-market stock purchases.

http://fudzilla.com/news/41581-hp-bu...inter-business