Fujifilm gets out of its jam with Xerox
Fujifilm pays $2.3bn for a clean solution after the pursuit of Xerox plunged it into a two-year morass
05 November 2019 - 18:34
Fujifilm Holdings has a chance to get its focus back. The Japanese maker of copiers, cameras and health devices has extricated itself from a messy and time-consuming merger dispute with Xerox Holdings in a fashion that will relieve investors.
The company will pay $2.3bn (R34bn) to buy 25% of Fuji Xerox from its storied US partner, taking full ownership of their 57-year-old venture. Fujifilm shares jumped 6.7% in Tokyo after the Wall Street Journal reported on the deal before trading closed. That was the biggest gain since the company launched its abortive $6.1bn takeover bid for Xerox in January 2018...
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