Dixons and Carphone Warehouse in merger talks

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Preliminary discussions between Dixons Retail and Carphone Warehouse have taken place about a potential merger between the two companies. In a statement concerning the possible merger, the boards of Dixons and Carphone Warehouse “note the recent speculation and confirm that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse. These discussions are at a very preliminary stage and there can be no certainty that a transaction will be forthcoming. No decision has been reached regarding the structuring of any such merger.”

The statement also says that a firm intention to make an offer for Carphone Warehouse or Dixons will be made by 5pm today.

Dixons currently operate more than 500 Currys and PC World shops around the United Kingdom and Ireland. The potential merger would see them join forces with Europe’s largest independent mobile phone retailer; Carphone Warehouse operate more than 2,000 stores across the continent. 

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