HP To Buy Samsung's Printer Business For $1.05 Billion (usatoday.com)

HP has agreed to a deal with Samsung to acquire their printer business for $1.05 billion, a deal that will be the largest print acquisition in HP's history. USA Today reports: "The acquisition of Samsung's printer business allows us to deliver print innovation and create entirely new business opportunities with far better efficiency, security, and economics for customers," said HP president and CEO Dion Weisler in a statement. The Samsung deal would give HP access to 6,500 printing patents as well as 1,300 researchers and engineers "with advanced expertise in laser printer technology." While this deal is being negotiated, Samsung's mobile phone business has been navigating a recall of its Galaxy Note 7 smartphones over issues with batteries catching fire and exploding. One of the most recent accidents reported involved a six-year-old boy in New York, who was using the device when it "suddenly burst into flames."

Comments

Re:Connection?

[rtb61]

Well, there is one connection, the money from the sale of the printer division to pay for the losses of the built in battery division. I wonder how much Samsung saved in battery manufacture by having non user removable batteries, compared to how much they lost as a result of having non user replaceable batteries, youch, decades of claimed battery savings down the drain and no where near paying for the whole bullshit marketing about built in batteries being better than user replaceable ones. I guess the Samsung executives will just have to keep listening to that marketing and suck it up. No different to end users facing that same problem.