| According to foreign media was informed that Japan's Fujifilm Holdings Co., Ltd. announced on Wednesday for 6.1 billion acquisition of the majority stake in Xerox, the U.S. company will be merged into the existing joint ventures to expand and reduce costs in response to The office is printing a downturn in business conditions as the new company is still called Fuji Xerox and Fuji Xerox will lay off 10,000 people worldwide.  In response, the two companies said that the merger of R & D, procurement and other businesses will save Fuji Xerox, its joint venture, at least a total of $ 1.7 billion in costs by 2022. The plan for the deal will be completed around July and August Currently, Fujifilm owns 75% of Fuji Xerox, a joint venture that dates back more than 50 years ago and is principally engaged in the sale of photocopying products and services in the Asia Pacific region. The combined company will become a subsidiary of Fujifilm, with a headquarters in the United States and Japan and a public listing in New York, where the combined company's CEO will be led by Xerox incumbent chief executive Jeff Jacobson Jeff Jacobson, and Komori Shigetaka, CEO of Fujifilm, will serve as chairman. It is learned that in Fujifilm's overall sales and operating profits, the joint venture accounted for nearly half of the proportion of both Fujifilm and Xerox have been in trouble, and its sales of copy products slow growth, the reason is that more and more Many companies have turned to paperless offices.Fuji film earnings report released on Wednesday said the company's file solution business (including Fuji Xerox) third-quarter operating profit plunged 29.4%, less than the performance of imaging and Information Sector Overall, the company's third-quarter operating profit increased 3.4%. According to Xerox's earnings report, the company reported a net loss of $ 196 million from continuing operations in the fourth quarter, mainly due to a one-time $ 400 million one-time charge brought by the U.S. Tax Reform Act but also a reflection of the office Printing business has been steadily declining. Xerox CEO said the combined company will be able to gain greater advantage in new technologies, its revenue will also achieve growth, and can obtain the cost together; at the same time, Xerox shareholders will benefit from the transaction A special $ 2.5 billion cash dividend. |
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