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.
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