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Business deals

Fujifilm and Xerox both claim win in face-saving compromise

$2.3bn Fuji Xerox deal leaves uncertainty in future partnership

Fujifilm Chairman and CEO Shigetaka Komori was not all smiles at his news conference in Tokyo on Nov. 5. (Photo by Akira Kodaka)

TOKYO -- The deal announced Tuesday between Fujifilm Holdings and Xerox Holdings ends a nearly two-year dispute, giving both the Japanese company and the leadership at its U.S. partner, installed by activist investors Carl Icahn and Darwin Deason, a needed face-saving end to their unproductive battle.

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