Samsung will invest $100 million to $300 million in HP through open market purchases once the deal is through. Samsung’s printing unit has 6,000 employees and posted total revenue of 2 trillion won ($1.8 billion) in 2015, the company said in its statement Monday. Samsung Electronics—the world’s largest smartphone maker that also produces home appliances and memory chips—is a flagship unit of the Samsung Group. The Samsung Electronics board proposed a plan Monday to nominate J.Y. Despite effectively controlling the Samsung Group in recent years, the younger Lee has so far not taken any official board seat, maintaining a relatively low profile.

Source: Mint September 12, 2016 09:10 UTC