 "Under the deal, HP would add an intellectual property portfolio of more than 6,500 printing patents")
China said on Thursday it has approved HP’s $1.1-billion purchase of Samsung Electronics’ printer business with certain restrictions, citing concerns about the US firm’s dominance of the domestic laser printer market.
HP announced the deal in September 2016, hoping to disrupt the $55-billion copier market by focusing on multifunction printers and more deeply embedding mobile and cloud printing technologies to its product solutions.
It hoped at the time to close the transaction within 12 months, pending regulatory review.
In a statement issued late on Thursday, the Ministry of Commerce said sale of A4 format laser printers by
HP announced the deal in September 2016, hoping to disrupt the $55-billion copier market by focusing on multifunction printers and more deeply embedding mobile and cloud printing technologies to its product solutions.
It hoped at the time to close the transaction within 12 months, pending regulatory review.
In a statement issued late on Thursday, the Ministry of Commerce said sale of A4 format laser printers by
