Asda and Sainsbury’s in ‘advanced’ merger talks

Asda and Sainsbury’s are in “advanced discussions” over an estimated £10bn merger.
Sainsbury’s rushed out confirmation of the speculation following reports in Bloomberg and Sky News.
A statement read: “Sainsbury's confirms that it and Walmart are in advanced discussions regarding a combination of the Sainsbury's and Asda businesses.”
A further announcement will be made on Monday 30 April, it said.
The merger of Sainsbury’s and Walmart-owned As