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Fujifilm Acquires Xerox in $6.1B Deal
Fujifilm Holdings will acquire Xerox Corp. in a $6.1 billion deal, it was announced on Tuesday according to Reuters. Fujifilm will combine Xerox with its existing joint venture to gain scale and cut costs amid declining demand for office printing. Fujifilm now owns 75 percent of Fuji Xerox. The joint venture dates back more than 50 years ago and focuses on selling photocopying products and services in the Asia-Pacific....