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Samsung Elec considers sale of printer business to HP: Seoul Economic Daily

Friday, September 9, 2016 - 18:03

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South Korean tech giant Samsung Electronics is considering selling its printer business to HP Inc, in a deal which could fetch about 2 trillion won (S$2.45 billion), Seoul Economic Daily reported on Friday.

[SEOUL] South Korean tech giant Samsung Electronics is considering selling its printer business to HP Inc, in a deal which could fetch about 2 trillion won (S$2.45 billion), Seoul Economic Daily reported on Friday.

Citing a high-ranking Samsung official, the report said Samsung plans to announce its position next week.

A Samsung spokesman said the company does not comment on rumours or speculation. HP's office in Seoul could not be reached immediately for comment.

Under the watch of Samsung Electronics Vice Chairman Jay Y Lee, Samsung Group has exited several non-core businesses including chemicals and defense.

REUTERS

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