Xerox barges into services with $6.4bn ACS buy
Copier giant Xerox plans to buy US outsourcing and data centre management giant Affiliated Computer Services Inc (ACS) for $6.4bn in a cash and stock deal. The company announced its "game-changing" acquisition proposal today. Xerox said it would cough up 4.935 of its shares and $18.60 in cash for each share of Dallas-based ACS …
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Posted Monday 28th September 2009 15:28 GMT
Game changing? We never learn... #
The only thing game changing about this transaction is that HP Enterprise Services (formerly EDS) will no longer provide IT services to Xerox. There really isn't anything revolutionary about a printing company offering IT outsourcing (just ask Mark Hurd).
Yet another example of "Plus ça change, plus c'est la même chose."
Major Fail...
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