Staples, Office Depot are reportedly in talks to merge
Staples and Office Depot are in talks to merge companies, sources "familiar with the matter" told The Wall Street Journal. The move would consolidate the office supply market.
The Journal didn't reveal the price of the deal but notes that Staples is valued at $11 billion, and Office Depot is valued at $4 billion. The two companies combined own 4,000 stores and generate annual sales of more than $35 billion.
However, the Journal also notes that a merger "would get a close look from antitrust regulators, who in 1997 sued successfully to block the same proposed merger." But in 1997, the market was also different, since there is now more competition from big-box stores and online retailers.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Create an account with the same email registered to your subscription to unlock access.
Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.
-
Today's political cartoons - September 14, 2024
Cartoons Saturday's cartoons - a second debate, Europe on the menu, and more
By The Week US Published
-
5 cleverly clashing cartoons about the presidential debate
Cartoons Artists take on a deepfake debate, winners and losers, and more
By The Week US Published
-
The Pélicot case: a horror exposed
Talking Point This case is unusually horrifying, but the misogyny that enabled is chillingly common
By The Week UK Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published