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The 10 Top News Stories Of 2018 (So Far)

From microprocessor vulnerabilities to billion-dollar acquisitions, from data privacy scandals to top executive resignations, CRN takes a look at the news stories that captured our attention in the first half of the year.

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4. The Fight For Control Of Xerox

On Jan. 31 Xerox announced a deal under which Fujifilm Holdings would acquire a majority stake in the storied printer and copier manufacturer. Executives at the two companies trumpeted the move, saying it would create an $18 billion industry player in the competitive printer market.

But the deal didn't sit well with activist investor Carl Icahn and Darwin Deason, the latter among Xerox's largest shareholders, who filed suit to stop the plan. That triggered a months-long battle in court, on Xerox's board and in the public domain about the company's future.

At times the battle's twists and turns boarded on the absurd: In early May CEO Jeff Jacobson and a number of Xerox board members resigned to avoid a proxy fight, only to return three days later, only to leave -- this time for good -- one week later.

In the end Xerox's newly reconstituted board killed the Fujifilm Holdings deal. That led to angry denunciations from Fujifilm, vows to compete against Xerox in the U.S. market, and a $1 billion lawsuit seeking damages for alleged breach of contract.

 
 
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