The HP Inc. has made its official announcement on Monday stating that it’s on the verge to buy the printer business of Samsung Electronics. The deal was valued at 1.05 billion dollars. The HP group commented more on the acquisition by affirming that the deal would reinvent the copier industry worth 55 billion dollars. This merger would also allow the HP team to substitute all the copy machines used for official purposes with multifunctional printers. The replacement would avail more business prospects for the HP. The company also spoke about the need for innovation in the electronics sector to enhance various other business partnerships.
The copiers are most often described as complicated machines with old parts. They have been connected to inefficient service and rigid maintenance protocols. It is time to upgrade the copiers to be more efficient. The transaction between HP and Samsung would establish the upright position of laser printing at a global level. The deal can also bring out a long-term business partnership with Canon. Merging with the printer business of Samsung is an ideal choice for HP because the Samsung group holds 6500 printing patents. The workforce of the Samsung Electronics is huge with a total of 6000 members of which 1300 are engineers and potential researchers.
The revenue of the Samsung’s printing unit during the year 2015 was a solid 1.8 billion dollars. As the HP group was fragmented into two parts, it has brought about diversity in the business. The HP enterprise solutions emphasize on retailing hardware to corporates. The other group deals with printers and personal computers. The HP team’s decision to buy Samsung is expected to bring out print innovation. The company is hoping for better efficiency in their customer services. However, the transaction is awaiting a regulatory approval soon. The President of the HP group, Dion Weisler, has expressed happiness over the deal.
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The HTC has announced a virtual reality headset, Vive with a better business focus. The Vive comprises of hardware version like that of the regular consumer version. However, it has a steadfast support line to benefit people. The business edition allows the customers to purchase the bulk systems. It is an ideal choice for commercial and personal entertainment purposes. The acquisition of Vive virtual reality headset is restricted to one per user. Several companies have utilized the Vive headsets for creating three-dimensional designs to be used in the architectural arena. The virtual reality headset acts as a startup accelerator to HTC.
Yahoo is all set to stage a 10 percent layoff as a chunk of their planned restructuring. The downsizing is believed to lead towards a better business performance. This planned layoff will further reduce the headcount significantly. Such a massive layoff is anticipated to bring out disturbances in the regular business operations of the organization. As per the predictions, Yahoo’s European operations, technological platforms, and media companies tend to feature a worst hit. Irrespective of the operational disturbances, Yahoo is planning to stage a massive layoff this quarter. The organization has been receiving a chorus of criticisms from various activists and economists.