HP Inc. to buy Samsung's printing business for over a billion dollars

The personal computer and printing giant HP said Monday that it will buy Samsung’s printing business for $1.05 billion. HP will inherit 6,000 Samsung employees once the deal closes, which HP expects will be within 12 months, said HP president of imaging and printing Enrique Lores. The deal has been designed to help the Silicon Valley company expand into high-volume devices that handle printing and copying for office work groups.