Fujifilm Holdings' logos are pictured ahead of its news conference in Tokyo, Japan January 31, 2018.
PHOTO: REUTERS
Japan’s Fujifilm Holdings is set to take over Xerox, and combine the US company into their joint venture Fuji Xerox in an effort to cut costs, the companies said on Wednesday.
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Fujifilm will own 50.1 per cent of Xerox shares, and combine Xerox with Fuji Xerox, their joint venture in which the Japanese company already holds a 75 per cent stake.
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