Paul, Weiss, Rifkind, Wharton & Garrison and Cleary Gottlieb Steen & Hamilton are lead advisers for HP Inc.’s $1.05 billion acquisition of Samsung Electronics Co. Ltd.’s printer business.
In a deal announced Monday, Silicon Valley-based HP agreed to acquire Samsung’s printer making arm, which includes a portfolio of more than 6,500 printing patents and nearly 1,300 researchers and engineers. In a statement, HP said the deal aims to boost the company’s offering in the large-sized multifunction printer market, which is dominated by Japan’s Canon Inc., Ricoh Co. and Konica Minolta Inc. and U.S. player Xerox Corp.
