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Printer manufacturer Xerox in talks for deal with Japan's Fujifilm: Report

Xerox needs new leadership as it was slow to launch new products and increase revenue


Photo: Reuters

manufacturer Corp is in talks to do a deal with Japanese maker Holdings Corp that could include a change in control of Xerox, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

However, a full takeover of is not on the table, the newspaper said, citing one of the people.

declined to comment, while said it would not comment on speculative reports.

"desperately" needed new leadership as it was slow to launch new products and increase revenue, activist investor wrote in an open letter to shareholders in December, a day after nominating four members to the board.

spun off its business process outsourcing unit in 2016 and separated into two independent, publicly traded

Last August, said it aimed to spend 500 billion yen ($4.49 billion) in strategic acquisitions over three years as it seeks growth outside its shrinking photographic film business.

and created a joint venture, Fuji Xerox, in 1962.

The company is now 75 per cent owned by and 25 per cent by

($1 = 111.4800 yen)

First Published: Thu, January 11 2018. 09:09 IST