Morrison & Foerster represented FUJIFILM Holdings Corporation and Fuji Xerox Co., Ltd. (FX), a 75% 25% joint venture between Fujifilm and Xerox Corporation, in connection with Fujifilm's acquisition of Xerox's 25% stake in FX for an aggregate purchase price of $2.3 billion. The transaction makes FX a wholly owned subsidiary of Fujifilm.

The MoFo team advising Fujifilm on this transaction was led by Tokyo corporate partner Gary Smith, together with Tokyo technology transactions partner Masato Hayakawa and corporate partners Jeff Schrepfer in Tokyo and Jeff Bell in New York.

Read the related press release.