Notebookcheck

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.

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.

Read all 1 comments / answer
static version load dynamic
Loading Comments
Comment on this article
Please share our article, every link counts!
> 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)
Benjamin Herzig
Editor of the original article: Benjamin Herzig - Editor
In 2010 I started to get more and more involved with technology, especially notebooks have been my passion ever since. Of course I came across the detailed tests of Notebookcheck very quickly. With time I learned more and more about notebooks and started writing small reviews about notebooks in forums and blog pages. To earn some extra money during my studies I turned my hobby into my profession and joined the team of Notebookcheck in 2016. My personal interest is especially in business notebooks.