China approves HP's $1.1B purchase of Samsung's printer unit

From CNET: 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.

The Chinese government's approach to business deals of this nature can be controversial. Critics have dinged Beijing for being protectionist because, they say, it seems more lax when dealing with local companies. Last year, Chinese ride-hailing giant Didi Chuxing made waves when it bought Uber's business in the country, although the ministry did say it was investigating whether the merger might create a monopoly. But the country has also lashed out at the US for being protectionist, as last month when US president Donald Trump did not allow a Chinese-backed company to buy an American chipmaker, Reuters reported.

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