CCI gives HP nod to acquire Samsung's printer business

Fair trade regulator CCI has given its nod to IT major HP's acquisition of global printer business of South Korean firm Samsung, in addition to two other deals.

In a tweet, the Competition Commission of India (CCI) said that it has approved the "acquisition of printer business of Samsung by HP Inc". For the deal, the two companies had entered into a Master Purchase Agreement in September 2016.

Last year, HP had said it would acquire Samsung Electronics' printer business in a deal valued at USD 1.05 billion. 

HP, created as part of the breakup of Hewlett-Packard Co, sells personal computers. It is a global provider of products, technologies, software, solutions and services to individual consumers, small and medium sized businesses and large enterprises, including customers in the government, health and education sectors.

Samsung's global business operations are organised into three broad divisions  consumer electronics which includes its printer business, information technology and mobile communications and device solutions.