13 November 2019
Xerox Makes Bid To Buy Hewlett Packard
Xerox taking on the HP , the industries largest supplier
Xerox taking on the HP , the industries largest supplier
Xerox  has made  $33 billion cash-and-stock offer for Hewlett Packard (HP) , a company more than three times its size. This comes after Xerox has settled its fight with Fujifilm in a $2.3 billion deal to sell FujiXerox and XIP( an OEM joint venture between Xerox and FX). It has also come to light that HP held detailed talks to purchase Xerox within the past two months, The talks ended when HP asked for more time to conduct due diligence. Xerox investors Carl Icahn and Darwin Deason, who stymied last year's attempt to bring Fujifilm and Xerox together, are viewed as pulling the levers behind the deal.
HP has looked at buying Xerox
HP has looked at buying Xerox
HP is much larger than Xerox, with total sales of $58.5bn and a market cap of $29.89bn. Xerox had sales of $9.8bn last year and has a market cap  of $8.26bn.  Xerox would have to   take on at least $20 billion of debt to close the deal. The question has been raised will Xerox over leaver its self with too much debt. 
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