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Xerox abandons $35 billion hostile bid for HP amid coronavirus concerns

Xerox abandons $35 billion hostile bid for HP amid coronavirus concerns

Xerox Holdings Corp. Tuesday ended its hostile $35 billion cash-and-stock bid for HP Inc because of uncertainty stemming from the Covid-19 pandemic. HP has repeatedly rebuffed Xerox’s cash-and-stock offers. Xerox, however, reportedly believes the underlying logic behind a combination remains sound and may revisit the idea in the future.

David
David
Oliver Biscuit
Oliver Biscuit 5 months

Because computer parts spread the virus?

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