Xerox ponders $27 billion HP takeover
Xerox International Corp. has set its sights on taking over HP Inc., an audacious attempt to put two waning icons in computing.
Xerox plans to offer cash and inventory to HP that, according to people familiar with the topic, has a market value of about $27 billion. The board of copy makers debated Tuesday’s threat, people added.
There is no guarantee that Xerox will make an offer or that it will succeed. The people said HP, which just last week installed a new chief executive, is more than three times what Xerox’s volume and every bid will premium the current stock value.
Act in support of Xerox: it predicts a $2.3 billion windfall from an agreement to sell joint ventures to Fujifilm Holdings Corp., which was confirmed on Tuesday with the termination by the Japanese technology company of $1 billion-plus litigation against Xerox.
Xerox has also been informally sponsored by a major bank, regarded as a “highly confident note,” the people have said.