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CCI gives nod to Samsung, HP printer biz deal

Posted By: Doraiah Vundavally May 9, 2017

CCI gives nod to Samsung, HP printer biz dealNew Delhi, May 10 (IANS) The Competition Commission of India (CCI) has said that it has approved the acquisition of Samsung's printer business by HP Inc.

In a tweet, the CCI had said on Tuesday: "CCI_India approves acquisition of printer business of Samsung by HP Inc."

HP had proposes to acquire the global printer business of Samsung. Both the companies had entered into a master purchase agreement on September 12, 2016.

 

The proposed transaction came under the Section 5(a) of the Competition Act, 2002.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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CCI gives nod to Samsung, HP printer biz deal

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.