Samsung to sell its printer business to HP for $1.05 billion

Following rumors that made the rounds last week, Samsung has now confirmed that it intends to sell its printer business to HP in a deal worth $1.05 billion.
Samsung’s board of directors approved the sale of its Printing Business Unit during a meeting in Seoul today, and a follow-up meeting with shareholders is scheduled for October. If given the go-ahead by shareholders, Samsung says it will spin off its printer business into a new standalone entity on November 1, with HP purchasing a