Report says announcement could come next week.
Samsung Electronics is considering selling its printer business to HP in a deal worth around $1.8 billion as the South Korean company shifts focus to its core businesses, the reported Friday.
The paper, citing an unnamed senior Samsung source, said the Korean firm will likely announce a decision on the potential sale by next week.
A Samsung spokesman said the company does not comment on rumors or speculation. HP’s office in Seoul could not be reached immediately for comment.
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Samsung Electronics and the broader Samsung Group have been divesting from or exiting non-core businesses as part of a broader restructuring process for South Korea’s top family-run conglomerate under the stewardship of de facto leader Jay Y. Lee.
Samsung does not disclose its printer sales separately, but researcher IDC said Samsung was ranked fifth with a 4% share in global hard-copy peripherals market in the second quarter.
Samsung Electronics in 2014 decided to end its LED lighting business outside South Korea, while the broader Samsung Group announced a deal to sell its defense and chemical assets to local conglomerate Hanwha Group in 2014 and another deal to sell more chemical assets to Lotte Group in 2015.