Carphone Warehouse & Dixons Retail Group to merge

Carphone Warehouse and Dixons Retail Group, which owns Currys and PC World, have announced a merger deal valuing the combined business at around £3.7 billion.

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Dixons and Carphone Warehouse in £3.7bn merger

The Carphone Warehouse and Dixons Retail have agreed a £3.7 billion all-share merger, creating a mobile phone and electricals company with around 2,900 stores across Europe.