Xerox considering a takeover offer for HP

Xerox has reported that it’s pondering a takeover of personal computer leader and leading printer OEM HP. Xerox is considering making a cash-and-stock offer for HP, which has a market value of about $27 billion (USD), according to sources familiar with the matter. Apparently Xerox’s Board of Directors has already discussed a possible bid for HP that would be at a premium to company’s current market value of $27 billion. Currently, HP is more than three times the size of Xerox. Amid all the speculation, however, there’s no guarantee Xerox will follow through with an offer or that one would succeed.
Xerox’s added that it expects an additional $2.3 billion from a recently concluded deal to sell its stakes in joint ventures with Fujifilm Holdings Corporation, which we announced here recently, along with the dismissal of a lawsuit of over $1 billion filed against Xerox by Fujifilm Holdings. Xerox has also apparently received an “informal funding commitment” from a major bank, should the transaction materialize. Xerox has almost $10 billion in annual revenue, while HP posted $58 billion in revenue for its most recent fiscal year which ended in October of 2018.

Tony Curcio
Tony Curcio is the news editor at Graphic Arts Magazine.

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