HP Inc. to Buy Samsung Electronics’ Printer Business - The New York Times

Seeking to revitalize the dead-tree part of the IT industry

"HP Inc. said on Monday that it had agreed to acquire Samsung Electronics Company’s printer business in a deal valued at $1.05 billion.

The deal, HP said, would position it to disrupt and reinvent the $55 billion copier industry by mounting a push to replace office copy machines with multifunction printers.

The company said the sector required innovation, describing copiers as “outdated, complicated machines with dozens of replaceable parts requiring inefficient service and maintenance agreements.”"

HP Inc. to Buy Samsung Electronics’ Printer Business - The New York Times