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.
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.
-
Ukraine: Trump's mixed messagesFeature Trump reverses a Pentagon freeze on Patriot missiles to Ukraine as Russia ramps up air attacks
-
Diddy: An abuser who escaped justice?Feature The jury cleared Sean Combs of major charges but found him guilty of lesser offenses
-
Death from above: Drones upend rules of war in UkraineFeature The world's militaries are paying close attention to drone use in the Russia-Ukraine war
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
