Printer maker Lexmark bought by Chinese group for $3.6bn

"US printer manufacturer Lexmark is being bought by a Chinese-led group for $3.6bn (£2.5bn). The buyers include China's Apex Technology, which makes ink cartridge chips, and PAG Asia Capital, one of Asia's largest private equity firms. The deal is yet to be cleared by the US Committee on Foreign Investment in the United States (CFIUS)."
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Like its competitors, Lexmark has been struggling as more firms move to a digital workplace.

"US printer manufacturer Lexmark is being bought by a Chinese-led group for $3.6bn (£2.5bn). The buyers include China's Apex Technology, which makes ink cartridge chips, and PAG Asia Capital, one of Asia's largest private equity firms. The deal is yet to be cleared by the US Committee on Foreign Investment in the United States (CFIUS)."

Read More at BBC Travel Passport blog

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