HP Gets China’s Nod to Acquire Samsung’s Printer Business

The following appears on Nasdaq.com

By Zacks 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 that its printers are not compatible with other suppliers.” Additionally, HP has to report its pricing and other related data to the ministry every six months, reported the news agency last Thursday.

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