Xerox agreed to buy Lexmark from its current owners for $1.5 billion in a landmark deal that will consolidate two iconic printer brands. Because of this, Bloomberg says that American and Chinese regulators must approve the purchase.
Although Xerox manufactures some of its printers, it also outsources production to other companies. This purchase would allow Xerox to bring manufacturing in-house using Lexmark’s facilities and gain market share in Asia and Latin America, says Xerox CEO Steven Bandrowczak.
