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ARTICLE · 19 NOVEMBER 2019

Xerox Wants To Takeover HP!

The New York Times reported that the "strategic rationale for a deal is largely to cut costs for two companies struggling to navigate the accelerating erosion of the traditional printing business.

United StatesMedia, Telecoms, IT, Entertainment

The New York Times reported that the “strategic rationale for a deal is largely to cut costs for two companies struggling to navigate the accelerating erosion of the traditional printing business. Analysts estimate that the savings from a merger could be $1.5 billion a year or more.”  The November 7, 2019 story entitled “Xerox Makes Takeover Offer for HP” included these comments:

The strategic rationale for a deal is largely to cut costs for two companies struggling to navigate the accelerating erosion of the traditional printing business.

Analysts estimate that the savings from a merger could be $1.5 billion a year or more.

Both HP and Xerox have announced streamlining measures in recent months.

Xerox said it planned to cut costs by more than $640 million.

And HP said in October that it would trim as much as 16 percent of its work force as part of a broader restructuring plan.

This makes a lot of sense given the printer market today.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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