This Week in Imaging: It’s Beginning to Look a Lot Like HP Acquires Xerox

Advertisements

While this is of course speculation, it’s beginning to look a lot like HP Inc. will acquire Xerox – not in its entirety, but several select parts.

Xerox, led by Carl Icahn-backed management, appears to be being readied for sale, with the company being converted into a subsidiary owned by a newly created holding company, which is said will make it easier to sell, either in its entirety or by unit. Xerox has also stated that it intends to sell its debt-ridden leasing unit (which makes up $3.6 billion of Xerox’s total $5.5 billion debt), and is also outsourcing some administrative and support jobs. One result is that its share price, as of March 21, 2019, is $32.75 – up from a low of $19 per share this past December.

HP Inc. had previously expressed interest in Xerox at around the end of 2017 – before the scuttled Xerox-Fujiflm deal. HP may wind up with Xerox, or at least key business units that won’t include the leasing unit. Xerox’ top leadership position in managed print services would be a big boost for HP. One significant thing that may scare HP away however is Fujifilm’s pending $1 billion lawsuit against Xerox for breaking its acquisition deal, and which a New York judge recently declined to dismiss.

Meanwhile, despite the epic bad blood between Xerox and Fujifilm, there may still be a possibility, however small, that a deal could be hammered out, with Fujifilm withdrawing its lawsuit.

This Week in Imaging

Xerox Seeks to Sell Financing Unit; Contracts with HCL for Outsourcing

HCL Announces Outsourcing Agreement with Xerox

HP Launches New Printers, MFPs, JetAdvantage Apps, Eco Toner at HP Reinvent

HP Announces New ‘Forest-Positive’ Eco-Friendly Strategy for Printing

HP Launches Newly Enhanced Channel-Partner Programs

Canon Loses Patent-Infringement Case with U.S. International Trade Commission

Ninestar Comments on ITC Patent-Infringement Decision

Katun Launches Aftermarket Business-Inkjet Ink Cartridges

Square 9 Seeks to Disrput with GlobalSearch C2 for ECM

UBEO Expands Copier Dealership in Texas

Canon Asks Amazon to Remove Multiple Aftermarket Toner Cartridges

Advertisements

Advertisements
%d bloggers like this: