MOSCOW (Sputnik) – The division will be officially announced on Friday, the newspaper said on Thursday, citing people familiar with the matter.
According to The Wall Street Journal, Xerox’s market value is less than half of its annual sales, which amount to about $20 billion. The company’s shares lost a quarter of their value in 2015 and an additional 13 percent this year.
Xerox was founded over 100 years ago, in 1906, in Rochester, New York. It was first called The Haloid Photographic Company and manufactured photographic paper and equipment.
The current Xerox Corp. headquarters are located in Norwalk, Connecticut.
