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Samsung considers printers sale to HP Inc

September 9, 2016

samsung-logo-2-2The Korean OEM is mulling over a $1.8 billion (€1.6 billion) sale of its printer business to HP Inc, according to sources.

Reuters reported on earlier investigations by the Seoul Economic Daily, which outlined that Samsung is “considering selling its printer business” to HP Inc as it “shifts focus to its core businesses”. The Korean paper cited an “unnamed senior Samsung source”, and added that the OEM will “likely announce a decision on the potential sale by next week”.

A Samsung spokesman, on being asked to comment, said that the OEM “does not comment on rumours or speculation”, and HP Inc’s office in Seoul “could not be reached immediately for comment”, according to Reuters, which added that Samsung has been “divesting from or exiting non-core businesses as part of a broader restructuring process” under its “de facto leader” Jay Y. Lee.

The OEM has also, despite being the “world’s top maker of smartphones, televisions and memory chips”, “lagged” behind OEM rivals such as HP Inc, Canon and Epson “in the global printer market”. Citing recent IDC research, Reuters pointed out that Samsung is fifth in terms of global printer shipments currently, even though the OEM “does not disclose its printer sales separately”.

Categories : World Focus

Tags : Business HP Inc Samsung

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