Editing Xerox (section)

===2010s===
[[Image:फोटोकॉपियर.jpg|thumb|left|upright=0.7|Fuji Xerox ApeosPort-II5010 photocopier in Mauritania, 2011]]
In May 2011, Xerox acquired NewField IT for an undisclosed sum.<ref>{{Cite web |date=24 May 2011 |title=Xerox acquires NewFieldIT |url=https://www.thehour.com/business/article/Xerox-acquires-NewFieldIT-8182215.php |access-date=25 June 2024 |website=The Hour}}</ref>

In December 2013, Xerox sold its Wilsonville, Oregon [[solid ink]] product design, engineering and chemistry group and related assets previously acquired from [[Tektronix]] to [[3D Systems]] for $32.5 million in cash.<ref>{{cite web|title=3D Systems To Acquire a Portion of Xerox's Oregon Based Solid Ink Engineering and Development Teams|url=http://news.xerox.com/news/3D-Systems-to-acquire-a-portion-of-Xerox-solid-ink-engineering-and-development-teams|access-date=January 14, 2014|archive-url=https://web.archive.org/web/20140116132708/http://news.xerox.com/news/3D-Systems-to-acquire-a-portion-of-Xerox-solid-ink-engineering-and-development-teams|archive-date=January 16, 2014|url-status=dead|df=mdy-all}}</ref>

In December 2014, Xerox sold the IT outsourcing business it had acquired in 2009 from [[Affiliated Computer Services]] to [[Atos]] for $1.05 billion.<ref name="patnaik2014">{{cite news | author=Patnaik, Subrat | author2=Baker, Liana B. | work=Reuters | title=Xerox to sell IT outsourcing arm to France's Atos for $1.05 billion | date=18 December 2014 | url=https://www.reuters.com/article/us-xerox-atos-deals-idUSKBN0JW2U920141219 | access-date=July 3, 2017 | archive-date=September 24, 2015 | archive-url=https://web.archive.org/web/20150924211706/http://www.reuters.com/article/2014/12/19/us-xerox-atos-deals-idUSKBN0JW2U920141219 | url-status=live }}</ref>  This move was taken due to the relatively slow growth of this business relative to some other Xerox units.<ref name="patnaik2014" />

In January 2016, Xerox—reportedly under pressure from activist shareholder and corporate raider [[Carl Icahn]]—announced that by the end of the year it would [[Corporate spin-off|spin off]] its business services unit, largely made up of Affiliated Computer Services, into its own [[Public company|publicly traded company]]. The name and management of the new company had not been determined at the time of the announcement. Icahn would appoint three members of the new company's [[board of directors]], and he would choose a person to advise its search for a [[Chief executive officer|CEO]].<ref>{{cite web |url=https://www.nytimes.com/2016/01/30/business/dealbook/xerox-split-icahn.html |title=Xerox, in Deal With Carl Icahn, to Split Company in Two |first1=Michael J. |last1=de la Merced |first2=Leslie |last2=Picker |date=January 29, 2016 |work=[[The New York Times]] |access-date=January 30, 2016 |archive-date=January 30, 2016 |archive-url=https://web.archive.org/web/20160130083756/http://www.nytimes.com/2016/01/30/business/dealbook/xerox-split-icahn.html |url-status=live }}</ref> In June, the company announced that the document management business would retain the name Xerox and the new business services company would be named [[Conduent]]. It also announced that [[Ashok Vemuri]] would serve as Conduent's CEO and that Icahn would control three seats on the new company's board. It continued to seek a CEO for Xerox; in May, Burns announced her intention to step down as CEO but continue as chairman of the document management business.<ref>{{cite web |url=https://www.wsj.com/articles/xerox-says-it-will-call-business-services-company-conduent-after-split-1466084423 |title=Xerox Says It Will Call Business-Services Company Conduent After Split |first=Nathan |last=Becker |date=June 16, 2016 |work=[[The Wall Street Journal]] |access-date=June 18, 2016 |archive-date=June 18, 2016 |archive-url=https://web.archive.org/web/20160618011252/http://www.wsj.com/articles/xerox-says-it-will-call-business-services-company-conduent-after-split-1466084423 |url-status=live }}</ref> In June 2016, the company announced that [[Jeff Jacobson (CEO)|Jeff Jacobson]] would become the new CEO following the completion of the company's planned separation.<ref>{{Cite web|url=https://www.news.xerox.com/news/Xerox-appoints-new-CEO-following-company-separation|title=Jeff Jacobson to Become CEO of Xerox Corporation Following Completion of Separation|date=2016-06-23|publisher=Xerox|access-date=2017-01-10|archive-date=January 10, 2017|archive-url=https://web.archive.org/web/20170110232558/https://www.news.xerox.com/news/Xerox-appoints-new-CEO-following-company-separation|url-status=live}}</ref> This became effective in January 2017.<ref>{{Cite web|url=https://www.usatoday.com/story/money/nation-now/2017/01/03/xerox-conduent-split-complete/96110370/|title=Xerox completes split into 2 companies|last=Clausen|first=Todd|date=2017-01-03|website=USA Today|access-date=2017-01-10|archive-date=February 1, 2018|archive-url=https://web.archive.org/web/20180201084011/https://www.usatoday.com/story/money/nation-now/2017/01/03/xerox-conduent-split-complete/96110370/|url-status=live}}</ref>

On January 31, 2018, Xerox announced that [[Fujifilm]] had agreed to acquire a 50.1% controlling stake in the company for US$6.1 billion, which was to be combined into their existing joint venture [[Fuji Xerox]] (having a value of $18 billion post-acquisition).<ref>{{Cite news|url=https://arstechnica.com/information-technology/2018/01/fujifilm-acquires-xerox-for-6-1-billion/|title=Fujifilm acquires Xerox for $6.1 billion|work=Ars Technica|access-date=2018-02-01|language=en-us|archive-date=February 1, 2018|archive-url=https://web.archive.org/web/20180201000926/https://arstechnica.com/information-technology/2018/01/fujifilm-acquires-xerox-for-6-1-billion/|url-status=live}}</ref><ref>{{Cite news|url=https://www.crn.com/news/components-peripherals/300098681/a-giant-is-born-fujifilm-deal-allows-xerox-to-make-inroads-into-asia-pacific-print-market-bolster-next-gen-rd-efforts.htm|title=A Giant Is Born: Fujifilm Deal Allows Xerox To Make Inroads Into Asia-Pacific Print Market, Bolster Next-Gen R&D Efforts|last=Shirkey|first=Alec|date=2018-01-31|work=CRN|access-date=2018-02-01|language=en|archive-date=January 31, 2018|archive-url=https://web.archive.org/web/20180131223332/http://www.crn.com/news/components-peripherals/300098681/a-giant-is-born-fujifilm-deal-allows-xerox-to-make-inroads-into-asia-pacific-print-market-bolster-next-gen-rd-efforts.htm|url-status=live}}</ref><ref>{{Cite news|url=http://www.crn.com/news/components-peripherals/300098661/fujifilm-buys-controlling-stake-in-xerox-creating-an-18-billion-printer-industry-behemoth.htm|title=Fujifilm Buys Controlling Stake In Xerox, Creating An $18 Billion Printer Industry Behemoth|last=Shirkey|first=Alec|date=2018-01-31|work=CRN|access-date=2018-02-01|language=en|archive-date=January 31, 2018|archive-url=https://web.archive.org/web/20180131165334/http://www.crn.com/news/components-peripherals/300098661/fujifilm-buys-controlling-stake-in-xerox-creating-an-18-billion-printer-industry-behemoth.htm|url-status=live}}</ref>

[[Image:7-Eleven NCL Store and Fuji Xerox Document Centre 505 20130127.jpg|thumb|right|Fuji Xerox Document Centre 505 at a 7-Eleven store in Taiwan, 2013]]
On May 1, 2018, it was announced that chairman Robert Keegan and CEO Jeff Jacobson and four other directors would resign as part of a deal with investors [[Carl Icahn]] and Darwin Deason, who had mounted a proxy fight to oppose the Fujifilm deal. On May 4, Xerox backed away from the deal after stipulations about ceasing litigation were not met.<ref>{{Cite web |url=https://www.news.xerox.com/news/Xerox-settlement-agreement-with-Carl-Icahn-and-Darwin-Deason-has-expired/ |title=Xerox Settlement Agreement with Carl Icahn and Darwin Deason Has Expired {{pipe}} Xerox Newsroom |access-date=May 6, 2018 |archive-date=May 6, 2018 |archive-url=https://web.archive.org/web/20180506084954/https://www.news.xerox.com/news/Xerox-settlement-agreement-with-Carl-Icahn-and-Darwin-Deason-has-expired |url-status=live }}</ref> Icahn and Deason responded with an open letter to shareholders blaming the board and management.<ref>{{Cite press release |url=https://globenewswire.com/news-release/2018/05/04/1496559/0/en/Carl-Icahn-and-Darwin-Deason-Release-Open-Letter-to-Xerox-Shareholders.html |title=Carl Icahn and Darwin Deason Release Open Letter to Xerox Shareholders |date=May 4, 2018 |access-date=May 6, 2018 |archive-date=May 7, 2018 |archive-url=https://web.archive.org/web/20180507003228/https://globenewswire.com/news-release/2018/05/04/1496559/0/en/Carl-Icahn-and-Darwin-Deason-Release-Open-Letter-to-Xerox-Shareholders.html |url-status=live }}</ref> On May 13 a new deal was reached that additionally cancelled the Fujifilm transaction.<ref>{{Cite web |url=https://www.thestreet.com/investing/stocks/xerox-cancels-fuji-deal-inks-deal-with-carl-icahn-14587890 |title=Xerox Boots CEO in Deal with Activist Investor Carl Icahn |date=May 13, 2018 |access-date=May 13, 2018 |archive-date=May 14, 2018 |archive-url=https://web.archive.org/web/20180514011714/https://www.thestreet.com/investing/stocks/xerox-cancels-fuji-deal-inks-deal-with-carl-icahn-14587890 |url-status=live }}</ref>

In November 2019, Xerox began to pursue a [[hostile takeover]] of PC and printer manufacturer [[HP Inc.]], declaring its intent to "engage directly" with shareholders after HP rejected two unsolicited bids for the company.<ref>{{Cite web|url=https://techcrunch.com/2019/11/26/xerox-tells-hp-it-will-bring-takeover-bid-directly-to-shareholders/|title=Xerox tells HP it will bring takeover bid directly to shareholders|website=TechCrunch|date=November 26, 2019 |language=en-US|access-date=2020-02-28|archive-date=October 9, 2020|archive-url=https://web.archive.org/web/20201009163322/https://techcrunch.com/2019/11/26/xerox-tells-hp-it-will-bring-takeover-bid-directly-to-shareholders/|url-status=live}}</ref><ref>{{Cite web|url=https://techcrunch.com/2019/11/25/hp-rejects-xerox-again-but-leaves-door-open-for-negotiation/|title=HP rejects Xerox again, but leaves door open for negotiation|website=TechCrunch|date=November 25, 2019 |language=en-US|access-date=2020-02-28|archive-date=October 9, 2020|archive-url=https://web.archive.org/web/20201009163333/https://techcrunch.com/2019/11/25/hp-rejects-xerox-again-but-leaves-door-open-for-negotiation/|url-status=live}}</ref> Xerox stated in January 2020 that it would pursue the replacement of HP's board.<ref name=":0">{{Cite web|url=https://techcrunch.com/2020/01/23/xerox-wants-to-replace-hp-board-that-rejected-takeover-bid/|title=Xerox wants to replace HP board that rejected takeover bid|website=TechCrunch|date=January 23, 2020 |language=en-US|access-date=2020-02-28|archive-date=October 9, 2020|archive-url=https://web.archive.org/web/20201009163330/https://techcrunch.com/2020/01/23/xerox-wants-to-replace-hp-board-that-rejected-takeover-bid/|url-status=live}}</ref> HP criticized the proposed purchase as a "flawed value exchange" based on "overstated synergies", and instituted a [[shareholder rights plan]] and other measures designed to quell the bid,<ref>{{Cite news|last=Armental|first=Maria|url=https://www.wsj.com/articles/hp-to-buy-back-15-billion-in-stock-to-battle-xerox-takeover-bid-11582578485|title=HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid|date=2020-02-25|work=[[The Wall Street Journal]]|access-date=2020-02-28|language=en-US|issn=0099-9660|archive-date=February 28, 2020|archive-url=https://web.archive.org/web/20200228180532/https://www.wsj.com/articles/hp-to-buy-back-15-billion-in-stock-to-battle-xerox-takeover-bid-11582578485|url-status=live}}</ref><ref>{{Cite web|url=https://techcrunch.com/2020/02/25/hp-offers-its-investors-billions-in-shareholder-returns-to-avoid-a-xerox-tie-up/|title=HP offers its investors billions in shareholder returns to avoid a Xerox tie-up|website=TechCrunch|date=February 25, 2020 |language=en-US|access-date=2020-02-28|archive-date=October 9, 2020|archive-url=https://web.archive.org/web/20201009163321/https://techcrunch.com/2020/02/25/hp-offers-its-investors-billions-in-shareholder-returns-to-avoid-a-xerox-tie-up/|url-status=live}}</ref> which the company believed was being orchestrated by Icahn.<ref name=":0" />