HP offers $1 billion for Samsung's printer business

HP has a plan to offset its declining printer revenue: Buy the printing business of Samsung Electronics.It hopes the deal, valued at US$1.05 billion, will help it enlarge its position in the market for photocopiers, which it values at $55 billion annually.The key to this, HP says, is Samsung's portfolio of multi-function laser printers, capable of handling A3 paper.Along with the printers, HP will also acquire a portfolio of 6,500 printing patents and a staff of 6,000, including 1,300 researcher