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A company with $10bn revenue buys one with $58bn revenue. This comes after cancelling a merger and nearly getting sued for $1bn because they last-minute-cancell
by pergadad 7y ago
A company with $10bn revenue buys one with $58bn revenue. This comes after cancelling a merger and nearly getting sued for $1bn because they last-minute-cancelled a merger with Fujifilm.
Sounds totally healthy and not at all like some financial game played by Xerox's activist investors.
Prediction: if this happens the joint company will be worth nothing in 2030. They are already now kicking out lots of staff, so are probably as usual destroying the R&D departments in favour of short term profit margins.