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.