Its not complicated: Deason family wealth manager is the chairman. He bounced bandy in preparation for sale to Fuji. Darwin has been deceased for a while and the family wants to get out of X whatever they can. Louie is just a placeholder until a sale can be arranged and closed. There will be some rearranging of chairs and some more layoffs in prep for the sale but it wont take too long to line it up and make it happen. Then the kids can move on with their lives and Daddy's money.
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@f0 with little over 4 b in debt and say stock price hits $0.00 it’s about $220k for each employee 20,000 employees to buy xerox. I like the idea but that’s is a lot for most employees and a monumental bad investment
@cm Not a chance. JV blew the deal and Fuji made other arrangements. They are good and do not need to acquire our problems.
@ad No, Louie is preparing to file. Nobody is buying us because we are worthless. The debt is insurmountable. The only way out of it is to file. Bandy and crew should be required to refund their last 10 years compensation and then some. What did he walk away with? $50m?
@a6 You are all forgetting about Deasons dividends. He did fine.
@f0 and every employee who did this would be on the hook for the debt. Will never be paid from operations. Got any more great ideas?
Xerox would be better off to ask each employee to provide $1000 to buy out the company and take it private after Chapter 11. That away every employee would have an interest in actually turning the company around and completing reinvention.
@d1 not sure where your data is coming from. Fuji Business (notFuji film) has not shown any software innovation over it’s competitors in the marketing space Xerox operates.
Train wreck in slow motion again.
Everyone is an expert and has all the answers about what’s going to happen
Unless you are Jesus Christ himself, you have no idea what’s going to happen and when.
You can play games with numbers all day. At the end of the day. Do your people want to work there? And should they be working there ? Maybe there are better opportunities out there that need to be considered.
@ac you sell printers in 2026 LOL. You tried to pivot to "software" but your 65 yr old CEO thought that meant putting a CD into the computer and installing software in a box.
Software.. that Fuji is in.. is consulting. Custom. ACTUAL WORKFLOWS. AI. ServiceNow, AWS, Salesforce. The money is in process consulting. They have more consultants and software developers on staff than you have techs that drive their little cars to fix physical printers.
Fuji competes with Cognizant Deloitte EY HCL TCS IBM
@bk This is the correct answer
Dell is going to dig some change up from the couch cushions and save us.
I can't imagine Fuji has any interest.
Fun theory, but this isn’t a quick M&A story, it’s a capital structure story:
• Equity market cap ≈ $165M
• Debt ≈ $4B+ (a good chunk at double-digit interest)
• Pensions / obligations ≈ $1B
• Revenue ≈ $7B (but declining / under pressure)
So anyone “buying Xerox” isn’t just paying $165M, they are stepping into a $3.5B–$4B restructuring problem.
Now look at where the real players are:
• Darwin Deason (estate): no longer just equity, also got a creditor position that really matters
• TPG: already in via structured financing
• Other credit funds: likely sitting across the stack
That’s the game.
This is NOT:
• “find a buyer”
• “quick sale to Fuji”
• “CEO swap then deal done”
This IS:
• creditors positioning for control
• financing leads to influence leads to optional ownership
• equity sitting at the bottom as a call option on survival
If you want to understand the endgame, don’t ask:
“Who will buy Xerox?”
Ask:
“Who owns the debt and who will convert it into equity?”
That’s where the future owners are sitting.
Everything else is just noise.
Whether it’s Fuji or another is NOT the point.
Whats left of Xerox is about to be acquired.
@a8 you are the mo--n…. You could not be more wrong….
Fuji is out of the game. They already pivoted to software (ServiceNow, Salesforce, aws). They aren't product driven you mo--ns
@a5 he owns 6% and has taken a major bath since he hasnt sold any stock since his initial aquisition though selling xerox his company for $6b in 2010. His family now are probably looking for some sort of exit scenario after he burned so much wealth since then.
@a3 its spot on. Most people posting on here dont know who Deason was, how much of Xrx he (now his family) own. They have no idea who the chairman is and where he came from. No idea who is on the board. No idea how far XRX has already fallen.
@OP actually that's not far off.