As per a report by the Wall Street Journal, Xerox is considering buying personal computers and printer manufacturer HP in a cash-and-stock deal. The report notes Xerox, valued at $8 billion, has backing from a major bank to take over HP, valued at $27 billion – almost three times more than the former. Sources told WSJ the deal will end up saving $2 billion in costs for both corporations. Just to remind you, HP is now a different company from Hwellet Packard Enterprise, which sells servers, data storage, and services to companies. Xerox is set to gain $2.3 billion by selling its 25 percent stake in the Fujifilm Xerox joint venture; the deal came to light earlier this week.
