- Real Madrid signs Bellingham from Borussia Dortmund for over 100 million euros
- RSS chief to be in Udaipur on June 8-9
- BRS govt's efforts led to sustainable, constant availability of water: MLC Kavitha
- Pak Army top brass vows to tighten noose around masterminds of May 9 'rebellion'
- Karnataka's free power scheme to cost Rs 13,000 crore annually
- Vadnagar Railway station gets a facelift
- Woman commits suicide in J&K after failing civil service exams
- Doing good for others is beneficial to children's emotional, physical health: Study
- 'Oppn meeting will be held on June 23 in Patna': JD-U leader
- 1 in every 7 cars sold now an EV, China's BYD dominate again
Xerox considering takeover of HP estimated at $27 billion dollars
Xerox's board discussed the possibility on Tuesday, WSJ said citing people familiar with the matter.
Xerox Holdings is considering making a cash-and-stock offer for personal computer maker HP at a premium to its market value of about $27 billion (roughly Rs. 1,91,000 crores), the Wall Street Journal reported on Tuesday.
Xerox's board discussed the possibility on Tuesday, the newspaper said, citing people familiar with the matter.
There is no guarantee that Xerox will follow through with an offer or that one would succeed, it added.
Norwalk, Connecticut-based Xerox has also received an informal funding commitment from a major bank, the Journal said.
HP does not comment on rumours or speculation, a company spokeswoman told Reuters.
Xerox did not respond to a Reuters' request for comment.
On Monday, Xerox had said it will sell its 25 percent stake in Fuji Xerox, its joint venture with Fujifilm Holding, for $2.3 billion, after investor activism scuppered a deal involving the two companies.
Xerox had scrapped its $6.1 billion deal to merge with Fujifilm last year after lobbying by two of its main investors, Carl Icahn and Darwin Deason.
HP has been struggling with its printer business segment recently, with the division's third-quarter revenue dropping 5 percent on-year.
In October, it had announced a plan to cut up to 9,000 jobs as part of a restructuring program aimed at cutting costs.