China approves HP's $1.1b buy of Samsung's printer business with curbs

China approves HP's $1.1b buy of Samsung's printer business with curbs

Children look at a mobile phone in front of an advertisement of Samsung Electronic at its store in Seoul, South Korea, April 27, 2017. REUTERS/Kim Hong-Ji

China said on Thursday it has approved HP Inc’s $1.1 billion purchase of Samsung Electronics’ printer business with certain restrictions, citing concerns about the U.S. 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.

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