Xerox made an offer to buy HP the day after the announcement of the Fuji Xerox merger. It looks like Xerox intends to use the cash gained from the sale in addition to financing to purchase the three times larger HP. Both companies make the majority of their revenue from print-related sales, which is a shrinking market. It’s anticipated that the merger could save around $2 billion through layoffs and points of synergy.
Xerox Looks to Buy HP After Fuji Xerox Acquisition Announced
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