Samsung Elec considers sale of printer business to HP: Seoul Economic Daily
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
