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Business: HP rejects Xerox's acquisition offer

Business: HP rejects Xerox acquisition offer
Business: HP rejects Xerox acquisition offer
Recently, a spectacular take-over in the PC market was in the making: Xerox wanted to swallow the much larger HP. This plan may be doomed to fail however, as HP has rejected the offer from Xerox now. In a surprise twist, HP is saying that it may acquire Xerox instead.
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HP is the second biggest PC manufacturer and one of the oldest players in the business. HP laptops like the HP Spectre and HP EliteBooks are well known brands. Recently though, it seemed like HP's long history as a PC manufacturer might be ending, as the technology company Xerox proposed to acquire HP for $33.5 billion.

HP has officially confirmed the offer from Xerox and rejected it at the same time. The reason: Xerox's offer was too low according to HP. Also, HP fears that the company may be burdened by debts that Xerox might have.

The merger of the two companies is not completely out of the question according to HP – but the company made it clear that such a merger would only happen if HP would take over Xerox, not the other way around. For such a merger, HP demands more information on the financial situation of Xerox. By the looks of it, this story might end in an acquisition battle.

Xerox is well known for the invention of the computer mouse and the graphical user interface (GUI). Both developments were later adapted by Microsoft and Apple into their products, which was a major boost to the evolution of the PC platform. Lately, Xerox was mainly active as a manufacturer of printers and scanners. Compared with HP Inc., Xerox is a much smaller company based on its revenue.

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Benjamin Herzig
Editor of the original article: Benjamin Herzig - Managing Editor - 912 articles published on Notebookcheck since 2016
I was an ardent reader of Notebookcheck’s laptop reviews even back in school. After writing reviews as a hobby, I then joined Notebookcheck in 2016 and have worked on device reviews and news articles ever since then. My personal interest lies more with laptops than smartphones, with business laptops being the most interesting category for me. Technology should make our lives and work easier and good laptops are an essential tool for that to happen. This is why laptop reviews are not just my work but are also my passion.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2019 11 > Business: HP rejects Xerox's acquisition offer
Benjamin Herzig, 2019-11-18 (Update: 2019-11-19)