The Seoul, South Korea-based electronic giant will potentially sell its printer business to #HP Inc. (HPQ) in a deal that could be worth $1.8 billion, reports Reuters. The sell-off will reportedly help Samsung shift its focus to core business operations, says the Seoul Economic Daily. HP Seeks Investment Opportunities Amid Growth Decline HP Inc., was created after the company’s break up with Hewlett Packard Enterprise Co ( #HPE ) last year, to form a more narrowed personal computer and printing company. Recently, the company has been making strides to innovate, invest in growth opportunities and restructure in order to stay competitive. The acquisition of #Samsung ’s printing operations would potentially help lift HP’s falling revenue from its printing business, which declined 14% in the company’s most recent Q3 earnings report, down to $4.4 billion from $5.2 billion over the same period last year. (For related reading, see: HP Inc. Bets on Restructuring Amid Slump.)
http://www.investopedia.com/news/samsung-sell-printer-business-18-billion-hpq/
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