Xerox Might Be Looking to Buy HP — and HP Stock is Soaring

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Xerox is considering a cash-and-stock bid for HP, according to The Wall Street Journal. Photograph by David Paul Morris/Getty Images

HP stock is on the rise Wednesday morning after The Wall Street Journal reported that Xerox Holdings is considering making a bid for the company in a transaction that would unite two old-school tech brands that remain key players in the printer and copier business.

Buying HP (ticker: HPQ) would also put Xerox (XRX)—which decades ago developed key technologies like the mouse and the graphical user interface at its Xerox PARC research center just minutes from HP’s offices in Palo Alto, Calif.—back in the personal computer business for the first time in years.