Samsung Reportedly Considering Sale of Printer Business to HP

Samsung Electronics is considering selling its printer business to HP Inc. According to reports, the company is planning to shift focus to their core business. The deal is worth around $1.8 billion.


The deal was reported by the Seoul Economical Daily, and the publication cited an unnamed senior Samsung source. Apparently, the source told them that the South Korean firm would likely announce a decision on the potential sale by next week.

When asked to comment on the report, Samsung spokesman said that the company does not comment on speculations and rumours. Samsung being the world’s top smartphone, televisions and memory chips manufacturer, are pretty behind its rivals HP, Epson and Canon when it comes to the print market.

The company is taking major leaps in a number of corners. Yesterday we reported that Samsung Galaxy Note 7 would come bundled with a Free Gear VR for customers in India due to the delay caused by the recall. The much-awaited device launched last month but received backlash after there were reports from several corners of the world that the smartphone had caught fire or exploded. The company was compelled to recall and cancel all shipments to avoid any further damage from happening. But officials at Samsung have announced that while they regret the inconvenience caused to their customers in India, they will extend certain benefits alongside delivering the with a free Gear VR headset for all customers in India who had pre-ordered it. Along with that, the shipments will also include an Oculus content voucher worth $50, or INR 3,300 approximately.

There’s no word on when the customers can expect the delivery of the smartphone. “You can rest assured that we are working diligently to deliver your Galaxy Note 7 as soon as possible. We will reach out to you on your registered contact number with guidance on the launch timelines. We thank you for your patience and understanding,” Samsung said.

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