Still lots of legal hurdles

Xerox  and Fujifilm Holdings are in active talks to renegotiate a deal the two struck in January, CNBC reported, citing comments made by the companies’ lawyers at a court hearing. Both Fujifilm and Xerox were not available for comments.The $6.1 billion deal, which would combine Xerox into an existing joint venture with Fuji .

Jeff Jacobson slated to be new President of Fuji Xerox

The deal has been opposed by Xerox's  two largest  shareholders Darwin Deason and activist investor Carl Icahn, saying it unfairly favors Fuji.  Icahn and Deason suggested alternatives to the merger including a plan for the U.S. company to monetize some assets. The new Fuji Xerox will leapfrog rivals Canon and Ricoh and  will be just behind HP in sales.Fuji would take control with 51% of the new company. Fuji chief executive, said it would allow Fujifilm to " take control without spending a penny".