
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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