Plus, China’s EV sector is set to grow in 2025, according to an analyst at CCB International. And tech stocks MicroStrategy and Palantir join the Nasdaq-100. Cordilia James hosts. TNB Tech Minute will release its next episode on Monday, December 30.
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[00:00:31] Here's your TNB Tech Minute for Monday, December 23rd.
[00:00:35] I'm Cordelia James for The Wall Street Journal.
[00:00:38] Xerox has struck a deal to buy printer maker Lexmark in a $1.5 billion transaction, including
[00:00:44] debt.
[00:00:45] Xerox is expected to finance the deal with a combination of cash on hand and committed debt
[00:00:50] financing.
[00:00:51] The takeover brings Lexmark back into U.S. hands after it agreed to be sold to a group
[00:00:56] of Chinese buyers in 2016.
[00:00:58] The deal would create a vertically integrated manufacturer, distributor, and provider of
[00:01:04] printing equipment and services and Boozlex Marks revenue by about one-third.
[00:01:08] It would also bolster Xerox's core printing portfolio and help it expand its services globally.
[00:01:15] China's electric vehicle sector is expected to keep growing in 2025.
[00:01:19] That's according to an analyst at CCB International.
[00:01:23] Total industry sales volume is projected to rise about 25% to 30% next year, driven by hybrid
[00:01:30] plug-in cars.
[00:01:31] The analyst says new energy vehicles bought next year will still qualify for tax exemption,
[00:01:36] and the government is likely to extend its trade-in program for old cars, which will support
[00:01:41] sales.
[00:01:41] And two tech stocks with cult followings, MicroStrategy and Palantir, have joined the NASDAQ
[00:01:48] 100.
[00:01:50] MicroStrategy, a software company turned crypto investor, celebrated the index edition by adding
[00:01:55] to its stash of Bitcoin.
[00:01:56] It bought about $561 million of Bitcoin last week, funded by issuing new stock.
[00:02:03] Shares of MicroStrategy fell nearly 9%, and shares of Palantir edged up.
[00:02:08] And before we go, heads up, we'll be back with our next TNB Tech Minute on Monday, December
[00:02:13] 30th.
[00:02:14] For a deeper dive into what's happening in tech, check out tomorrow's Tech News Briefing
[00:02:18] podcast.