Xerox is in talks with HP Inc. about a possible "business combination" during a time when digital products increasingly displace printed materials.

HP issued a statement on Wednesday acknowledging an offer from the copier maker and disclosing it has had similar discussions in the past. The statement did not say what price or deal Xerox offered.

It also didn't overtly indicate whether HP is moving forward with a merger or acquisition.

"We have had conversations with Xerox Holdings Corporation from time to time about a potential business combination," HP said in an emailed statement. "We have considered, among other things, what would be required to merit a transaction. Most recently, we received a proposal transmitted yesterday." read the rest here

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