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Fujifilm is taking over Xerox for $6.1 billion

The Japanese company is snapping up the American copying giant in order to both scale and cut costs in the office printing industry, reports Reuters. Under the deal, Xerox will be called Fuji Xerox and be a subsidiary of Fujifilm. In recent years both companies have struggled as more businesses go paperless. A downside to … Continue reading “Fujifilm is taking over Xerox for $6.1 billion”

Fujifilm is taking over Xerox for $6.1 billion
[Photo: Flickr user Marco Verch]
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The Japanese company is snapping up the American copying giant in order to both scale and cut costs in the office printing industry, reports Reuters. Under the deal, Xerox will be called Fuji Xerox and be a subsidiary of Fujifilm. In recent years both companies have struggled as more businesses go paperless. A downside to the takeover: Fujifilm will cut 10,000 jobs at the company to reduce costs.

About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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