Bosses in negotiations over £3.6bn deal

The Advertiser Series: Dixons Retail Group and Carphone Warehouse are in merger talks Dixons Retail Group and Carphone Warehouse are in merger talks

BOSSES at Currys and PC World owner Dixons Retail Group and mobile phone firm Carphone Warehouse are in talks over a £3.6bn merger.

The companies have more than 3,000 stores with annual sales in excess of £12bn.

Dixons employs more than 31,000 workers in 12 countries, and the merger announcement comes after it reported a strong Christmas sales period with like-for-like sales in the UK rising five per cent in the three months to January 4.

Carphone Warehouse, which has more than 2,000 outlets, revealed like-for-like revenues rose five per cent in the quarter to December 28, with its performance boosted by the popularity of more expensive smartphones.

A statement said: “The boards of Dixons and Carphone Warehouse confirm the two companies are in preliminary discussions regarding a possible merger.

“These discussions are at a very preliminary stage and there can be no certainty a transaction will be forthcoming.

“No decision has been reached regarding the structuring of any such merger.”

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