Fujifilm Ends Takeover Battle with Xerox akihabaranews.com

Akihabara News (Tokyo) — Fujifilm has put an end to both its two-year takeover battle with Xerox Holdings as well as its 57-year partnership with the US firm.
Fujifilm persisted by launching a US$1 billion lawsuit against Xerox in June 2018.
The lawsuit has been dropped and instead Fujifilm will buy out all of Xerox’s 25% stake in their joint venture firm, Fuji Xerox.
In this US$2.3 billion deal, Fuji Xerox will become a wholly-owned subsidiary of Fujifilm.
Shigetaka Komori, chairman and chief executive officer of Fujifilm, commented, “Full ownership of Fuji Xerox will facilitate faster decision making in a rapidly changing business environment.