Paul, Weiss, Rifkind, Wharton & Garrison has advised HP Inc. on its $1.05 billion acquisition of Samsung Electronics Co.’s printer business, with Cleary Gottlieb Steen & Hamilton representing Samsung.
Samsung, one of the world's top makers of smartphones, televisions and memory chips, does not disclose its printer sales separately. However, researcher IDC has stated that Samsung has a 4 percent share of the global hardcopy peripherals market, according to Reuters.
The Paul Weiss team working on the transaction included partners Toby Myerson, Tarun Stewart, Monica Thurmond, Tong Yu, Roberto Gonzalez, Andrew Gordon, Alex Oh, Joseph Simons, Jennifer Wu, Claudine Meredith-Goujon, Andrew Gaines, Mitchell Berg, David Mayo and Jeffrey Samuels. The Cleary Gottlieb team advising Samsung was led by partner Sang Jin Han.
The deal is expected to close in the second half of 2017.