Dixons and Carphone Warehouse to merge? Companies confirm 'preliminary' talks

Dixons, owner of Currys and PC World, and Carphone Warehouse are in “very preliminary talks” over a possible merger.

Dixons is in early merger talks with Carphone Warehouse

Confirming speculation to the BBC, the two companies said: "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."

Over 500 Currys and PC Wold stores operate under the Dixons name, while Carphone Warehouse has more than 2,000 retail units across Europe.

Shares in Dixons Retail rose 7.5 per cent since reports surfaced on the talks, while Carphone Warehouse has seen its shares climb 6 per cent.

The two are expected to announce their intention to make an offer by 24 March, under the requirements of Britain's Takeover Panel.

Join us, it's free.

Become a member to get access to:

  • Exclusive Content
  • Daily and specialised newsletters
  • Research and analysis

Join us, it’s free.

Want to read this article and others just like it? All you need to do is become a member of The Drum. Basic membership is quick, free and you will be able to receive daily news updates.