The decision comes with limitations to protect against the company engaging in anticompetitive behavior, says the Commerce Ministry.
HP is buying up Samsung’s printer unit for $1.1 billion in China.
China has given HP the green light to buy Samsung Electronics’ printer business, but the deal comes with conditions.
HP has received approval to buy Samsung’s printer business for $1.1 billion — along with restrictions meant to keep the company from monopolizing the market and engaging in unfair practices, China’s Ministry of Commerce said Thursday .
In its statement, the Commerce Ministry said HP should sell its A4 format laser printers under “fair and reasonable terms” in China, and that it has to report pricing information and other relevant data to the ministry every six months.
