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Xerox names Nicole Torraco as Senior Vice President, Chief Strategy and M&A officer Acquisitions People on the Move 

Xerox names Nicole Torraco as Senior Vice President, Chief Strategy and M&A officer

GaryPageau
Xerox Holdings Corp. appointed Nicole Torraco as senior vice president and chief strategy and M&A officer. In this newly created role, she reports to John Visentin, vice chairman and CEO of Xerox, and serves as a corporate officer. “Nicole brings a rare combination of financial acumen and entrepreneurship, with an impressive record of identifying strategic opportunities that deliver value,” said... Read More
Updated: Xerox to nominate up to 11 for HP board seats Acquisitions News 

Updated: Xerox to nominate up to 11 for HP board seats

GaryPageau , ,
Xerox Corp. will nominate as many as 11 directors to the HP Inc. board, according to the Wall Street Journal. as the company pushes its unsolicited $33.5B takeover offer. The current HP board consists of 12 members, including chairman Chip Bergh, CEO and managing director Enrique Lores, and former CEO Dion Weisler. In a statement, Xerox nominated the following as board... Read More
Apollo completes Snapfish acquisition, combines with Shutterfly Acquisitions News 

Apollo completes Snapfish acquisition, combines with Shutterfly

GaryPageau , ,
Apollo Global Management Inc. announced the successful completion of their previously announced acquisition of Snapfish, LLC and the combination of Snapfish with Shutterfly Inc., which was acquired by the Apollo Funds Sept. 25, 2019. According to the announcement, Snapfish owners became significant minority owners in the combined Shutterfly and Snapfish business. “As a business dedicated to connecting people, places and... Read More
Circle Graphics acquires Metromedia Technologies Acquisitions News 

Circle Graphics acquires Metromedia Technologies

GaryPageau
Circle Graphics Inc. announced it acquired out-of-home advertising rival Metromedia Technologies (MMT). Terms weren’t disclosed.  With the MMT acquisition, Circle Graphics said it expands its lineage to the very beginning of grand format digital printing, as MMT started in 1987 under the auspices of pioneer John Kluge. MMT’s patented digital print technology changed the way outdoor advertising was executed worldwide.... Read More
FASTSIGNS acquires seven Sign Me Up Signs & Advertising locations Acquisitions News 

FASTSIGNS acquires seven Sign Me Up Signs & Advertising locations

GaryPageau ,
FASTSIGNS International, Inc., franchisor of FASTSIGNS®, announced it acquired sign franchise Sign Me Up Signs & Advertising. Each of Sign Me Up’s six locations throughout Long Island and one in New Jersey will be converted to a FASTSIGNS center by February 2020, growing FASTSIGNS’ presence on Long Island to eight locations. “We’re delighted to end 2019 with this acquisition, adding seven locations to the FASTSIGNS network.... Read More
Apple buys U.K. startup to improve iPhone picture taking: Bloomberg Acquisitions News 

Apple buys U.K. startup to improve iPhone picture taking: Bloomberg

GaryPageau ,
Apple Inc. acquired a U.K.-based startup, named Spectral Edge Ltd., with technology that improves photos taken on smartphones, according to Mark Gurman, writing at Bloomberg. According to U.K. filings made public on Thursday, Apple corporate lawyer Peter Denwood was recently named a director of Cambridge-based Spectral Edge Ltd., while the startup’s other advisers and board members were terminated. According to the... Read More
Popular app maker VSCO acquires video company Rylo Acquisitions News 

Popular app maker VSCO acquires video company Rylo

GaryPageau
Photo-sharing subscription service VSCO announced the acquisition of Rylo, a maker of a compact camera with powerful video stabilization technology. Terms weren’t disclosed, but published reports say Rylo will abandon the hardware business to focus on the video tech. Rylo had raised roughly $38 million in VC funding, reaching a valuation of $120.25 million with a $20 million Series B announced in October... Read More
Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer Acquisitions News Opinion 

Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer

GaryPageau , ,
Activist investor Carl Icahn posted an open letter to HP shareholders today, criticizing the HP Inc. board for rejecting Xerox Corp.‘s merger overtures. Icahn, who respectively owns about 10.85% of Xerox and 4.24% of HP, stated HP is going down the path forged by former foe Eastman Kodak Co., which is often criticized for wasting resources on a series of failed... Read More
Back at ya, HP! Xerox to take merger case to shareholders in hostile bid Acquisitions News 

Back at ya, HP! Xerox to take merger case to shareholders in hostile bid

GaryPageau ,
Xerox Inc. management has responded bruskly to HP‘s rebuff of its offer to combine the two printing giants. Earlier this week, HP rejected Xerox’s advances, citing what it said were Xerox’s declining fortunes and it’s own perceived bright prospects. In response, Xerox vice-chairman and CEO John Visentin says the refusal to engage in the process “defies logic.” Specifically, Visentin rejects... Read More
Xerox fires back to HP after rebuff of takeover offer Acquisitions News Opinion 

Xerox fires back to HP after rebuff of takeover offer

GaryPageau , 1 Comment
In what portends to the beginning of a contentious courtship, Xerox Holdings Corp. management responded harshly to the rejection of its proposal to acquire rival HP Inc. Xerox vice chairman and CEO John Visentin advised HP board members Enrique Lores and Chip Bergh, if a “friendly” merger agreement could not be reached quickly, Xerox would take it’s case directly to... Read More
HP board unanimously rejects Xerox takeover proposal Acquisitions News 

HP board unanimously rejects Xerox takeover proposal

GaryPageau , ,
The board of HP Inc. today announced it has unanimously rejected the unsolicited proposal from Xerox Holdings Corporation to acquire the company. Following is the full text of the letter that was sent on November 17, 2019 to John Visentin, Xerox Vice Chairman and CEO: Dear John, Our Board of Directors has reviewed and considered your unsolicited proposal dated November... Read More
Breaking: Xerox considering bid for HP Acquisitions News Opinion 

Breaking: Xerox considering bid for HP

GaryPageau , , ,
The Wall Street Journal reports  Xerox Corp., fresh off of its divestiture of Fuji Xerox, is now considering using part of its $2.3 billion proceeds to buy rival HP Inc. Xerox is considering making a cash-and-stock offer for HP, which has a market value of about $27 billion, according to people familiar with the matter. The copier maker’s board discussed... Read More
Xerox sells stake in Fuji Xerox to Fujifilm for $2.3 billion Acquisitions News Opinion 

Xerox sells stake in Fuji Xerox to Fujifilm for $2.3 billion

GaryPageau , , 1 Comment
Xerox Holdings Corp., Norwalk, Conn., announced it entered into an agreement with Fujifilm Holdings Corp. and assorted subsidiaries to sell to Fujifilm its 25% state in Fuji Xerox Co. Ltd., putting an end to one of the most rancorous corporate divorces in recent memory.  The company also sold Xerox’s 51% stake in Xerox International Partners (XIP), an OEM joint venture... Read More
HumanEyes Technologies announces acquisition of HowToCreateVR.com Acquisitions News Press releases 

HumanEyes Technologies announces acquisition of HowToCreateVR.com

GaryPageau ,
Leading community and repository of tutorials, podcasts, and webinars for Virtual Reality developers and content creators will continue to evangelize, grow and stimulate industry expansion NEW YORK, Oct. 14, 2019 (GLOBE NEWSWIRE) — HumanEyes Technologies, a leading 3D-Virtual Reality holistic solutions developer, today announced it has acquired HowToCreateVR.com, one of the world’s leading content repositories for Virtual Reality developers and content creators.... Read More
EverPresent acquires Just8mm film transfer company Acquisitions News Press releases 

EverPresent acquires Just8mm film transfer company

GaryPageau ,
NEWTON, Mass. — EverPresent, Inc. today announced the acquisition of Just8mm.com.  This merger brings together the Northeast’s largest full-service family memories company with the nation’s leading film transfer specialist.  For EverPresent, this combination represents a significant strategic shift into the national market. “Just8mm clients will continue to enjoy the service they are accustomed to preserving their priceless home movies, and... Read More