BloombergXerox Holdings Corp is considering a cash-stock offer for the US$27 billion PC giant HP Inc, the Wall Street Journal (WSJ) reported, a deal that could combine two of the biggest US names in office hardware. While there is no guarantee the company would follow through, any offer would value HP at a premium to its market value, the WSJ reported. It is unclear how Xerox — a name synonymous with the copying industry — intends to finance the acquisition of a company several times its market value. Xerox has already secured an informal funding commitment from a major bank, the WSJ reported, on top of proceeds from the sale of its stake in Fuji Xerox. HP, once an icon of US technological innovation, is struggling in a plateauing PC market with the advent of smartphones.

Source: Taipei Times November 06, 2019 15:56 UTC