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CEO in the news: Fujifilm's boss is ready to make Xerox acquisition pay off

Bringing the U.S. office equipment maker into the fold gives the Japanese company more global clout

TOKYO Japan's Fujifilm Holdings reached a deal on Jan. 31 to take majority control of Xerox, its decades-long U.S. partner. The move achieves Fujifilm's long-held goal of making and selling office equipment throughout the world under one roof.

For Shigetaka Komori, Fujifilm's 78-year-old chairman and CEO, the move was something he thought he would never be able to accomplish in his lifetime. About a decade ago, a Nikkei reporter heard Komori lament, "If I were 10 years younger, I would have considered buying Xerox."

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