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.