Sainsbury's Asda Merger: Supermarkets In 'Advanced Talks' Over Tie-Up

Sainsbury’s and Asda are in “advanced discussions” regarding a possible merger to create a group of up to 2,800 stores.The move would, if approved, give the new combined company control of just under 30% of the UK grocery sector and stun rivals including Tesco and Morrisons.It has been reported that the brand names would remain, at least initially.Sainsbury’s confirmed it had held “advanced discussions” with Walmart, Asda’s American owner, about combinin