Fujifilm will own a 50.1 stake in a joint venture that would combine Xerox and the existing Fuji Xerox, of which Fujifilm already controls 75 percent. The Connecticut-based Xerox will change its name to Fuji Xerox, and about 10,000 jobs will be cut by 2022.
https://www.notebookcheck.net/Fujifilm-takes-over-Xerox-up-to-10-000-jobs-to-be-lost-as-a-consequence.280598.0.html