Reuters Technology Report: Japan's Fujifilm to take over Xerox in $6.1 billion deal, create joint venture

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Wednesday, January 31, 2018

Japan's Fujifilm to take over Xerox in $6.1 billion deal, create joint venture

(Reuters) - Japan's Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing.

Coincheck falsely explained security to customers - industry group head

TOKYO (Reuters) - Japanese Coincheck made false explanations to customers about its security system before suffering one of the world's biggest cyber heists, the head of a major cryptocurrency industry group said on Wednesday.

South Korea says no plans to ban cryptocurrency exchanges, uncovers $600 million illegal trades

SEOUL (Reuters) - South Korea's finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China's tough action in blocking virtual coin platforms.

Silver (haired) lining? Alibaba lures older shoppers as market slows

BEIJING (Reuters) - Online shopping may not be the typical domain of the elderly, but when it comes to buying groceries with a smartphone, Xiang Jiang, 70, considers herself rather savvy.

Samsung Elec unveils stock split, record profit as chips sizzle

SEOUL (Reuters) - Samsung Electronics Co Ltd announced on Wednesday its first stock split and said it expects demand for semiconductors to remain strong in 2018, as it posted record annual profit driven by a so-called memory chip "super-cycle."

SoftBank Group to take majority stake in Line's mobile unit

TOKYO (Reuters) - Japan's Line Corp said on Wednesday that it had entered an agreement with SoftBank Group Corp to give the telecoms and technology firm a majority stake in Line's mobile unit.

Xerox reports fourth-quarter loss

(Reuters) - Printer and copier maker Xerox Corp reported a quarterly loss on Wednesday as tumbling demand for office printing took a toll on its results.

Switch steers Nintendo to best third quarter in eight years, higher outlook

OSAKA (Reuters) - Japanese videogames maker Nintendo Co Ltd reported its biggest third-quarter operating profit in eight years, driven by smashing demand for its new Switch games console, and said it expected annual earnings to outstrip its previous estimate.

Foxconn shareholders approve plan to list unit in Shanghai

TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics manufacturer, said on Wednesday its shareholders had approved a plan to list its subsidiary, Foxconn Industrial Internet Co Ltd (FII), on the Shanghai Stock Exchange.

Apple supplier Wistron nears land deal in India: sources

MUMBAI (Reuters) - Apple's Taiwanese contract manufacturer Wistron Corp is close to finalizing a land deal in India's tech hub of Bengaluru and the firm is likely to invest about $157 million to develop the site, two government officials told Reuters.

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