Rumours have been flying for weeks, and now the truth is out.
Fujifilm is taking over both its 56 year old joint venture with Xerox and ultimately Xerox itself. The deal will result in an $18 billion company. It’s basically the end of Xerox which has had a lacklustre few years, despite splitting itself into two entities last year. The idea in January 2017 had been to hive off the services business into a separate entity, Congruent, and for the core organisation to focus on printing systems.