A New Power Emerges
Late last month, Fujifilm Holdings Corporation and Xerox officially announced Fuji Xerox, a joint venture that creates an $18 billion print industry juggernaut.
The definitive agreement, which involves Xerox ceding a 50.1-percent ownership stake to Tokyo-based Fujifilm, could potentially alter the balance of power in a competitive and evolving market. At the least, the deal marks another significant step on the Norwalk, Conn.-based Xerox's strategic transformation.
As both companies begin to go through the regulatory approval process, CRN takes a look at the major implications of the transaction as well as a few key financial details made available in Xerox's supplemental filing with the U.S. Securities and Exchange Commission.