), to the Japanese partner for $2.3 billion, ending a prolonged dispute over a potential merger.
As part of the deal announced by Xerox and Fujifilm on Tuesday, Xerox will also sell its majority stake in another smaller joint venture with Fuji Xerox to the Japanese firm. The bitter legal wrangling has created much uncertainty for the two firms which are seen by many analysts as inextricably intertwined through the Fuji Xerox joint venture.
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