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5 Things You Need To Know About HP's $1.05B Acquisition Of Samsung's Printer Business

HP's completion of the $1.05 billion deal to acquire Samsung's printer business turns the heat up on copier maker stalwarts like Xerox, Ricoh and Konica Minolta. Here are five things you need to know about the blockbuster deal.

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Samsung Is Making An Equity Investment In HP

As part of the deal, Samsung plans to make a $100 million to $300 million equity investment in HP through open market purchases.

"The equity investment is important especially from a symbolic perspective," said Lores. "Samsung had been investing in this space for a long time. They actually didn't want to abandon it. They were looking for a partner that could take the work they had been doing and expand it and take it into the future."

The negotiations between the two companies, in fact, started as a result of Samsung looking for a technology partner. "We were looking for the right technology and they were looking for a company that would be taking the technology they had been building and projecting that into the future," said Lores.

 
 
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