Fujifilm Photography News and Rumors

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.

via WSJ, CNBC, CNN

Fujifilm has finally been able to come to an agreement with Xerox about the merger that was first announced over a year ago, which you can follow here. It’s a surprising development after Fujifilm decided to pursue damages against Xerox, but it seems the deal is a done deal.

Fujifilm to own 100% of Fuji Xerox
Fujifilm to acquire Xerox Corporation’s 25% ownership stake in Fuji Xerox,

and enter into a new collaborative partnership with Xerox

Transaction will enhance group-wide synergies to realize growth in new areas,
while strengthening Document business

Tokyo, November 5, 2019 — FUJIFILM Holdings Corporation (including certain of its subsidiaries, “Fujifilm”) (TSE: 4901) announced today that it has entered into a definitive agreement with Xerox Corporation (including certain subsidiaries, “Xerox”) under which Fujifilm will acquire the 25% stake in Fuji Xerox Co., Ltd. (“Fuji Xerox”) owned by Xerox. This transaction will bring Fujifilm’s ownership of Fuji Xerox to 100%. The transaction was unanimously approved by the Boards of Directors of Fujifilm and Xerox. Read More »