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Fujifilm Buys Controlling Stake In Xerox, Creating An $18 Billion Printer Industry Behemoth
Fujifilm Holdings Corporation has entered into a deal that combines Xerox with Fuji Xerox, creating an $18 billion industry juggernaut that has the potential to shift the balance of power in the intensely competitive printer market.
Under the definitive agreement, Xerox will cede a 50.1 percent stake in the U.S. printer and copier giant to the Japanese document solutions powerhouse, the companies said Wednesday.
The deal, which has been approved by the boards of directors at Xerox and Fujifilm, combines Xerox with Fuji Xerox, a longstanding joint venture agreement between the two. Xerox CEO Jeff Jacobson has been tapped to lead the newly formed entity, which will also be named Fuji Xerox.
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