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November 6, 2019
Fujifilm acquires Xerox’s stake in Fuji Xerox
Fujifilm Holdings Corporation, certain of its subsidiaries and Xerox Holdings Corporation have entered into agreements that include the sale of Xerox’s 25 percent stake in Fuji Xerox Co., Ltd. (FX) to a subsidiary of Fujifilm; modified sourcing terms for future product programs that will ensure Xerox’s product supply continuity; the sale to an affiliate of FX of Xerox’s 51 percent stake in Xerox International Partners (XIP), an OEM joint venture between Xerox and FX, which, together with the grant of a new IP license, will allow FX to OEM certain products (such as printer engines) to named parties that are existing customers of XIP on a worldwide basis in exchange for a fixed royalty; and the dismissal of the $1 billion lawsuit Fujifilm filed against Xerox after last year’s terminated merger. more...