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It’s been a long road but HP Inc. has successfully completed its acquisition of the Samsung printer business at last. The deal, first announced in September 2016, is valued at $1.05 billion. Additionally, Samsung will make a $100-300 million equity investment in HP through open market purchases. There was some concern earlier this year that Samsung’s many legal and political woes might endanger the HP acquisition but the process has concluded relatively smoothly. Samsung’s exit from the printer business is thought to be “part of a broader restructuring process at Samsung as part of which the company is trimming its business through the divestiture of non-core assets.”
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The heir and de facto leader of Samsung, Lee Jae-yong, was arrested on February 17th in connection to the corruption and influence peddling scandal that may remove impeached South Korean President, Park Guen-hye, from power. Lee and four other Samsung executives, according to The Washington Post, “will stand trial in the coming months on bribery, embezzlement and other charges linked to the massive scandal.”
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