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While Xerox Corp. and Fujifilm Holdings are stuck in a legal fight at the end of their acquisition agreement, the head of Fuji Xerox Co. Ltd., the joint venture between the sparring companies, expressed confidence that In an interview with Reuters, Fuji Xerox president, Kouichi Tamai, insisted the companies would keep the joint venture despite Xerox's threats to seek new partners for the Asia-Pacific market. Fuji Xerox is 75% owned by Fujifilm and the rest is owned by Xerox.
"I am confident that a breakup will not take place because it would not make sense (for Xerox) in terms of energy, money and money. time would be needed for that, "said Tamai, warning that the Norwalk-based Xerox would lose $ 1 billion in revenue if Fuji Xerox was shut down. "It would increase costs for Xerox It's my responsibility to convince Xerox that it's cheaper and more reasonable to source it from us."
Tamai also stated that he believed that Xerox and Fujifilm would resolve their differences and complete the $ 6.1 billion transaction. "My mission is to persuade Xerox executives that the merger would be the best solution for both companies," he said. Daily interactions with them have given the impression that many people at Xerox support the merger. "
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