Xerox to sell stake in Fuji Xerox
| 06 November, 2019
Xerox has agreed to sell 25% of Fuji Xerox to its Japanese partner after a merger attempt fell through.
Fujifilm Holdings Corp. will buy the stake for $2.3 billion and own 100% of Fuji Xerox, the companies said in a statement. Fujifilm’s lawsuit against Xerox for pulling out of a deal with Fuji Xerox that would have merged the two companies will be dismissed as part of the deal.