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  • HP Gets China's Nod to Acquire Samsung's Printer Business

    Posted on Nasdaq, by Zack Equity Research

    "The much awaited pending acquisition of Samsung Electronics' printer business by HP Inc. HPQ , for $1.1 billion, crossed another milestone after China's Ministry of Commerce gave its approval for the transaction, per media sources. However, the deal comes with certain conditions which are meant to restrict the company from monopolizing the domestic laser printer market.

    Per Reuters, the Ministry of Commerce restricts HP from buying even a minority stake in any other A4 printer manufacturers in the country. The regulatory body also forbids the company to "not adapt its printers to restrict compatibility with third-parties or claim in advertising..." [read more at www.nasdaq.com]