HP is buying Samsung’s printer business for $1.05 billion in a move aimed at “disrupting” the dusty and stale printing industry. The deal will see Samsung’s Printing Business Unit spun out independently, with HP picking up full 100 percent ownership in the business. The companies estimate it will take one year to close, pending the usual regulatory scrutiny, and, upon doing so, Samsung will make a reciprocal investment of between $100 million and $300 million into HP’s business.
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