Xerox's $1.5B Gamble: Acquiring Lexmark in a Shrinking Print Market

In a surprising move, Xerox has acquired Lexmark for $1.5 billion, a deal that includes debt and liabilities. This acquisition pulls Lexmark from Chinese ownership and into a restructured Xerox, positioning the company as a top player in print services. However, in a world increasingly dominated by digital workflows, Xerox's bet on the declining print market is a risky one. While Lexmark brings a strong global presence and managed services business, the success of this merger hinges on the continued relevance of paper documents in industries like healthcare and finance. It's a bold gamble in a fading industry, a fight for dominance in the remaining enterprise printing sector.