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Fujifilm Takes Over Xerox with a $6.1 Billion Deal, Forms a Joint Venture

Business Insider
  • Japan's Fujifilm is set to take over Xerox in a $6.1 billion, creating a joint venture.
  • Fujifilm will use bank debt to buy a 50.1% stake in new Xerox shares.
  • The combined company will keep the Fuji Xerox name and become a subsidiary of Fujifilm.

(Reuters) - Japan's Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing...

Mentions: Carl Icahn acquisition Japan