Xerox agreed to sell its South African holdings.
- Share via
Allied Technologies Corp., a Johannesburg electronics group, will buy the assets for the equivalent of $19.2 million, a merchant bank acting for both companies announced. The selling price disclosed by Hill Samuel Merchant Bank Ltd. is less than half the $41 million at which industry sources had earlier valued Xerox assets in South Africa.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
