Xerox mulls an HP takeover, but it’s not a done deal.
with fellow shareholder Darwin Deason to sink Xerox’s $6.1 billion merger with Fujifilm before taking control of the board and installing a new CEO, John Visentin. Fujifilm launched a $1 billion lawsuit in response before dropping it Tuesday. TheIf the HP deal will actually go through. Following the failed merger attempt, Xerox
it would sell its 25% share in Fujifilm. The sale will net Xerox $2.3 billion. Visentin said during a Tuesday earnings call that Xerox is in a good position to make deals of all sizes.Xerox was founded as The Haloid Photographic Company in 1906. And Hewlett-Packard was founded in 1939, before splitting into HP and Hewlett-Packard Enterprise Co. in 2015. Both Xerox and HP became household names over the decades.
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