Israel’s top consumer electronics company is in talks to buy rival home laser machines maker Epson for $15 billion, The Wall Street Journal reported on Monday, citing people familiar with the matter.
Epson, which makes cameras, televisions and printers, is the world’s third-largest home appliance maker after Amazon and Dell.
It’s also the maker of the home entertainment system Epson Home, which has been the subject of several antitrust investigations.
Egon E. Leopold, Epson’s chief executive, is expected to announce the deal on Wednesday, according to the Journal.
Leopold and his wife, Shari, are expected to buy a 51% stake in Epson, the Journal reported.
The sale of Epson would give the company a global presence and could help Epson maintain its global presence in the $20 billion global home electronics market.
The acquisition of Epsons parent, the French-based company Arris, would be the first major sale of an international brand by the Leopolds since the 1990s.
The Leopells have been in a bitter struggle with Arris over intellectual property for years.
The deal would bring Epson and Arris together for the first time since 2002, when Epson sold its home laser and home entertainment systems to the Japanese company Fujitsu.
The company was founded in 1974 by a former Epson executive who had no experience in consumer electronics.
The Leopels had hoped to sell the company to Epson but the deal fell through in 2004 when the company began to struggle with a string of product recalls and lawsuits.
The company also faced the loss of its U.S. patent portfolio.
Epsons biggest competitor, Ecolink, has made a name for itself with its home smart home devices.
The firm was founded by former Apple executive Michael A. Apple, who left Apple in 2011 after spending two decades at the company.
Apple was among a handful of companies that sued Epson over a patent dispute in 2014.
Epson eventually settled with the lawsuit-holding companies.
The sale of the company would also give the Epson brand more global reach, the report said.
The Associated Press contributed to this report.