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UK: Tech retail merger to make $5.8B company

 |  March 12, 2014

As retailers Carphone Warehouse and Dixons confirmed they were in discussions for a possible merger, reports say analysts have backed the deal as one that would not likely raise significant competition concerns with competition regulators.

The new company would be worth about $5.8 billion, reports say, and operate 1,300 stores across the UK.

While the companies confirmed they are in merger discussions, they have not officially struck a deal. The transaction would combine retail services for mobile and consumer electronics, say reports.

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