TOKYO -- Japan's Fujifilm Holdings announced a plan on Wednesday to take a controlling stake in its longtime U.S. partner Xerox, creating a copier maker similar in scale to industry leader HP.
Under the deal, Xerox will acquire Fuji Xerox, the partners' co-owned subsidiary. Fujifilm will then purchase a 50.1% stake in Xerox, and the U.S. company's name will be changed to Fuji Xerox.
