Northernghana.net
Uncategorized

Samsung sells its printer business to HP

Samsung is officially selling its printer business to HP for $1.05 billion. The South Korean giant aims “to concentrate on its core business areas,” while HP sees it as a way “to disrupt and reinvent the $55 billion copier industry, a segment that hasn’t innovated in decades.”

Samsung’s printer division will become a separate company come November 1, and then it’ll be sold to HP. Currently, it employs 6,000 people and has a revenue of $1.8 billion in 2015.
Additionally, 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.

SourceSource (2)

 

See also  Financial Firm TD Ameritrade Launches Chatbot For Facebook

Related posts

Maiden music concert and exhibition held in Bolgatanga

A1 Radio News

Don’t marginalise Home Economics – Minister

Charles Wundengba

Lets point out the shortcomings of our leaders rather than condemning them, Sissala East MP advises Ghanaians

Charles Wundengba

Mike Zuri declares his intention to contest Boniface Gambila in Nabdam NPP primaries

A1 Radio News

Millennials Have A Complicated Relationship With Travel

Daniel Wundengba

Naana Opoku-Agyemang’s Visit To Upper East Was “Waste Of Our Time” — NPP

Daniel Wundengba

Leave a Comment