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Xerox acquisition a game changer, says Fujifilm CEO

Stock market welcomes deal, while Moody's warns of possible downgrade

Fujifilm Holdings Chairman and CEO Shigetaka Komori speaks to the NIkkei Asian Review in Tokyo on Feb. 1. (Photo by Kosaku Mimura)

TOKYO -- Gaining control of U.S. copier pioneer and long-term partner Xerox will be "a game changer" for Fujifilm Holdings, enabling the Japanese company to develop products much faster at lower cost and distribute them around the world, its chairman and CEO Shigetaka Komori said in an interview with the Nikkei Asian Review on Thursday.

The deal is aimed at simplifying the complex partnership arrangement between Fujifilm, Xerox and their 56-year-old joint venture Fuji Xerox. "The combination will create synergies and produce cost savings worth $1.7 billion a year," Komori emphasized in the interview at Fujifilm's Tokyo headquarters.

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