Xerox to buy printer maker Lexmark for $1.5 billion

NORWALK, Connecticut: Xerox has announced plans to acquire Lexmark International, a Chinese-owned printer and printing software company, in a US$1.5 billion deal aimed at revitalizing its core business.

The purchase, disclosed on December 23, marks Lexmark's return to U.S. ownership after being sold to a consortium of Chinese investors in 2016 for $3.6 billion.

The deal includes Lexmark's debt and involv