Xerox Holdings Corporation is considering making a cash-and-stock offer for personal computer maker HP Incorporated at a premium to its market value of about $27 billion.
There is no guarantee that Xerox will follow through with an offer or that one would succeed.
Xerox has also received an informal funding commitment from a major bank in the United States.
Both U.S.-based companies did not immediately respond to Reuters’ requests for comment.
Xerox had earlier said it will sell its 25% stake in Fuji Xerox, its joint venture with Fuji-film Holdings, for $2.3 billion, after investor activism seal a deal involving the two companies.
HP has been struggling with its printer business segment recently. The company’s segment revenue was down 5% on-year when it reported its third-quarter results in August.