13 November 2019
Xerox has made $33 billion cash-and-stock offer for Hewlett Packard (HP) , a company more than three times its size. This comes after Xerox has settled its fight with Fujifilm in a $2.3 billion deal to sell FujiXerox and XIP( an OEM joint venture between Xerox and FX). It has also come to light that HP held detailed talks to purchase Xerox within the past two months, The talks ended when HP asked for more time to conduct due diligence. Xerox investors Carl Icahn and Darwin Deason, who stymied last year's attempt to bring Fujifilm and Xerox together, are viewed as pulling the levers behind the deal.