Fujifilm gives up on Xerox acquisition, to dissolve 57-year-old JV english.kyodonews.net

As their tie-up will be ended, Fujifilm will also withdraw litigation it filed last year claiming damages of $1 billion for the unilateral cancellation of the merger deal by Xerox.
[Fujifilm CEO Shigetaka Komori]"We will never seek to merge with Xerox (again) and will go on our own way," Fujifilm Chairman and CEO Shigetaka Komori told a press conference.
The merger plan proposed by Xerox "was never a requisite," he added.
But the merger plan was unilaterally terminated in May that year by Xerox after opposition from the two shareholders.
Fuji Xerox will continue to supply Xerox but will also expand from Asia into the United States and Europe.