HP Inc. is buying Samsung Electronics Co.’s printer business in a deal worth $1.05 billion. HP said Monday that it is the largest print acquisition in the company's history and will help it go from traditional copiers to multifunction printers. HP also said the deal will strengthen its position in laser printing, which it established with Canon. Samsung's printer business includes more than 6,500 printing patents. Last year, Chief Executive Meg Whitman split HP's operations focused on selling business technology products from its personal computer and printer operations.

Source: Los Angeles Times September 12, 2016 13:57 UTC