Carl Icahn

Xerox and Fujifilm end 57-year partnership

An illustration of a xerox machine printing out money.
Illustration: Sarah Grillo/Axios

Xerox agreed to sell its 25% stake in a joint venture with Fujifilm to its Japanese partner for $2.3 billion.

Why it matters: This ends a 57-year partnership between the two companies, and comes after the pair's proposed merger was scuttled by activist investors Carl Icahn and Darwin Deason.

Carl Icahn's bet on Caesar's just paid off

illustration of a dice with money signs on it instead of dots
Illustration: Sarah Grillo/Axios

Carl Icahn gambled again. And won again, given Monday's news that Eldorado Resorts agreed to buy Caesar's Entertainment for $17.3 billion (including assumed debt), or $12.75 per share in cash and stock.

Why it matters: It creates the largest owner and operator of U.S. casinos, with the combined company to retain the Caesar's brand.