Xerox is preparing a surprising offer for HP as part of one of the most surprising acquisition operations in recent years.
According to the Wall Street Journal, the company is pitching a bold offer to its printing colleague as it contemplates claiming it remains a tech powerhouse.
If a transaction were to occur, it would consist of both cash and shares, although there is no indication of their potential value yet.
financial
According to the WSJ, Xerox would be backed by a "large" bank, but the size of the company remains well below that of HP. According to recent estimates, Xerox would be around € 8 billion, while HP would be around € 24 billion.
Despite these differences, there are indications that the transaction may be of commercial interest to both parties.
As demand for psychic printing declines year on year, Xerox and HP are struggling to reinvent themselves and lower their costs, the WSJ believes that a deal could save both parties money. € 2 billion.
Xerox, which is still known for its corporate printers and copiers, generates an annual turnover of approximately € 10 billion.
A subsidiary of HPE last year, HP is best known for being one of the largest PC manufacturers in the world, with a business turnover of more than € 58 billion during the year. last year, as well as smaller printers and printing supplies.
Last month, the company reduced its workforce by 15%, resulting in the layoff of 9,000 people, saving around € 1 billion in expenses.
Xerox could finance part of the deal by selling its joint venture with Fujifilm, which was considering an offer from Xerox. The company revealed today that it sold its 25% stake to the Japanese firm for € 2.3 billion, which could well be used for any purchase offer from HP.
Via Wall Street Journal