Xerox Holdings Corp. and Fujifilm Holdings Corp. have agreed to end a 57-year-old joint venture more than a year after an attempt at a full merger soured.
Xerox has agreed to sell its 25% stake in the venture, Fuji Xerox, to Fujifilm for $2.2 billion, according to people familiar with the matter. It has also agreed to sell a majority stake in a smaller joint venture to an affiliate of Fuji Xerox and extended the timeline of an agreement allowing Fujifilm to be a major supplier to Xerox, the people said. Xerox’s total expected...
Source: News Formal (newsformal.com)
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