Sainsbury's and Asda in talks about shock £10bn grocery merger

J Sainsbury and Wal-Mart, the world's biggest supermarket retailer, are in advanced talks about a shock £10bn tie-up that would create ‎a more powerful rival to Tesco, the current UK market leader.Sky News exclusively revealed on Saturday that the two companies are in negotiations about combining Wal-Mart's Asda business with Sainsbury's, in a deal that would send shockwaves through the entire British retail industry.Following the story, Sainsbury's released a statement confirming the