Xerox In Talks For Deal With Fujifilm

Printer manufacturer Xerox Corp is in talks to do a deal with Japanese camera maker Fujifilm Holdings Corp that could include a change in control of Xerox.

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

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

Xerox and Fujifilm created a joint venture, Fuji Xerox, in 1962. The company is now 75 percent owned by Fujifilm and 25 percent by Xerox.