Fujifilm Holdings Corporation, a Japanese multinational photography and imaging company, offered to acquire Xerox Corporation, an American global corporation that sells print and digital document products and services, for $8.6bn. The offer was lapsed in May 2018. “Fujifilm and Xerox have fostered an exceptional partnership through our existing Fuji Xerox joint venture, and this transaction is a strategic evolution of our alliance. The Document Solutions business represents a significant part of Fujifilm’s portfolio, and the creation of the new Fuji Xerox allows us to more directly establish a leadership position in a fast-changing market. We believe Fujifilm’s track record of advancing technology in innovative imaging and information solutions – especially in inkjet, imaging, and AI areas – will be important components of the success of the new Fuji Xerox,” Shigetaka Komori, chairman and chief executive officer of Fujifilm.