Sainsbury Considers Buying Asda From Walmart - Bloomberg:
"U.K. grocer J Sainsbury Plc is in advanced talks to combine with Walmart Inc.’s Asda in a multibillion-pound deal that would reshape Britain’s brutally competitive supermarket business.
Sainsbury confirmed the discussions in response to a Bloomberg News report and said a further announcement would be made on Monday. The supermarket chain ranks second in the U.K., followed by Asda and behind Tesco Plc.
Bringing together Sainsbury and Asda is the most radical response yet by the country’s retailers to the rise of German discounters Lidl and Aldi and the threat of Amazon.com Inc., which has muscled into the home-delivery space that’s become many Britons’ preferred way to shop."
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