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Business deals

Xerox to enter Asia alone when Fujifilm partnership ends

US company's CEO pins blame for canceled merger on Japanese peer

Xerox will let a partnership with Fuji Xerox expire in 2021 and begin selling its products directly in the Asia-Pacific region.

TOKYO -- Xerox plans to sell its products directly in the Asia-Pacific region when its partnership with a Fujifilm Holdings affiliate expires, seeking to cut ties with the Japanese company as the legal battle over an abandoned merger escalates.

When Xerox's technology agreement with joint venture Fuji Xerox expires in 2021, the American office machine maker intends to end their relationship and go it alone in Asia. Xerox sees "enormous potential growth opportunity" in selling "directly into the growing Asia-Pacific market" with "a more efficient, better managed supply chain than exists with Fuji Xerox," CEO John Visentin wrote in a letter sent Monday to Fujifilm Chairman Shigetaka Komori.

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