Industry News, Ink Manufacturers News, Mergers and Acquisitions, Printers News

Xerox Selling Joint Venture Stake to Fujfilm for Approximately $2.3 Billion

The $1 billion lawsuit FUJIFILM filed against Xerox after the termination of last year's merger will be dismissed, per Xerox.

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By: Anthony Locicero

Copy editor, New York Post

Xerox Holdings Corporation said it plans to sell 25% of its stake in Fuji Xerox Co., Ltd. – approximately $2.3 billion – to a subsidiary of FUJIFILM. This ends a 57-year-old joint venture a year after a full merger fell through, the Wall Street Journal reported. Xerox said it also plans to sell its 51% stake in Xerox International Partners, an OEM joint venture between Xerox and FX, which will allow FX to OEM certain products (such as printer engines) to named parties that are existing cus...

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