Fujifilm sees no breakup with Xerox
- Reuters New Service reported that Fuji president Kouichi Tamai stated; “I’m confident a breakup will not happen because that wouldn’t make sense (for Xerox) in terms of the energy, money and time it would take to do so,”
- Believes that escalating dispute between the partners will not lead to the venture’s dissolution.
- For Fuji, a breakup with Xerox could result in the loss of over $1 billion in revenue, but Tamai said turning to other vendors would be disadvantageous for Xerox.
- “That would increase costs for Xerox,” he said. “It is my responsibility to convince Xerox that it is cheaper and more reasonable to source products from us.”
- “My mission is to persuade Xerox executives that the merger would be the best solution for both companies,” he said. “Daily interactions with them actually have given me a feeling that many at Xerox actually support the merger.”
- Xerox and Fujifilm are locked in a legal battle over the termination of their acquisition deal, which was agreed in January this year.