Sainsbury’s and Asda have now confirmed news breaking over the weekend that they will merge to create a new supermarket giant.

Sainsbury’s announced in a statement that it is going to buy Asda for £7.3 billion pounds ($10.1 billion) in cash and shares with Walmart who own Asda retaining 42% of the combined business.

In its statement, Sainsbury’s said the merger would see both Sainsbury’s and Asda maintain their own individual brands.

it is too early to comment on store closures but with five Swindon locations in the new combined group, including two in close proximity it is hard to see no job losses as a result of the merger.

 

 

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