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Xerox To Sell AI Research Centre Europe To South Korea's NAVER

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Xerox To Sell AI Research Centre Europe To South Korea's NAVER NORWALK (dpa-AFX) - Xerox Corp. (XRX) announced Monday an agreement, under which South Korea-based internet company NAVER Corp. will acquire the Xerox Research Centre Europe in Grenoble, France.The French Works Council's consultation on this project has now been completed and the agreement is expected to close in the third quarter, subject to fulfillment of certain customary conditions.Once the sale becomes final, all 80 plus researchers and administrative staff are expected to become part of NAVER. Xerox will maintain ownership of intellectual property and arrange licensing agreements ...

Mentions: France Norwalk Grenoble