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Socoder -> Off Topic -> Asda Price

Thu, 27 Feb 2020, 14:29
Jayenkai
Uhoh! Walmart looking to sell off Asda?
Thu, 27 Feb 2020, 14:29
Krakatomato
They've been looking to sell it for ages! Sainsbury's got close but were ultimately denied. Bound to happen for loss makers
Thu, 27 Feb 2020, 15:32
Jayenkai
Was that a sell off? I thought it was more Walmart wanting Sainsbury's?

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Fri, 28 Feb 2020, 04:34
Krakatomato
No, that was Sainsbury's buying ASDA outright from Walmart. Other retailers objected as it would have been bad for the competition - so it wasn't permitted to go ahead.
Fri, 28 Feb 2020, 04:46
Jayenkai
Aaah, that makes much more sense, then.