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Official: Samsung 'has no intention of taking over' HP's PC business

Samsung will not be buying HP's PC business after all.

Samsung HP Envy
Samsung HP Envy

And that's that. Contrary to earlier rumors, Samsung has just said that it has no plans to take over HP's PC business. Official statement below. 

 

Samsung Electronics said Wednesday that it has no intention of taking over Hewlett-Packard's HPQ -0.08% personal computer business.

The comment came amid market speculation that the South Korean electronics giant may buy H-P's PC business after the U.S. firm last week unveiled plans to sell or spin off its personal-computer business.