HP (NYSE:HPQ) is getting a lot bigger. The personal computer and printing giant is buying Samsung’s (OTC:SSNLF) printing business for $1.05B, in a move that will give it 6,000 new employees, thousands of new technology patents and a bigger presence in Asia.
The acquisition is expected to add to HP’s earnings in its full year after closing.
Samsung will also buy $100M-$300M worth of HP shares on the open market once the deal is through.
