Menu
15/05/2014
Dixons And Carphone Warehouse To Merge
Dixons Retail, the owner of Currys and PC World, are to merge with mobile phone retailer Carphone Warehouse, in a deal worth £3.8bn.
In February, both firms announced they were in talks.
The new firm will be known as Dixons Carphone, and the ownership is to be split equally between the two company's existing shareholders.
Currently Dixons operates over 500 Currys and PC World stores in the UK and Ireland while Carphone Warehouse operates more than 2,000 stores throughout Europe.
The deal was announced by Dixons chief executive Sebastian James. He said: "Today we also announce that we are setting out on a new journey with Carphone Warehouse and it is good to be in such a strong position as we embark on this adventure.
"The ability to take what we have built in electrical retailing and add the profound expertise of Carphone Warehouse in connectivity would make us a leading force in retailing for a connected world."
(CVS/CD)
In February, both firms announced they were in talks.
The new firm will be known as Dixons Carphone, and the ownership is to be split equally between the two company's existing shareholders.
Currently Dixons operates over 500 Currys and PC World stores in the UK and Ireland while Carphone Warehouse operates more than 2,000 stores throughout Europe.
The deal was announced by Dixons chief executive Sebastian James. He said: "Today we also announce that we are setting out on a new journey with Carphone Warehouse and it is good to be in such a strong position as we embark on this adventure.
"The ability to take what we have built in electrical retailing and add the profound expertise of Carphone Warehouse in connectivity would make us a leading force in retailing for a connected world."
(CVS/CD)
Related UK National News Stories
Click here for the latest headlines.
08 December 2008
Carphone Warehouse Co-Founder Quits Over Share Scandal
David Ross, the co-founder of British mobile phone retailer Carphone Warehouse has resigned as deputy chairman after failing to declare he pledged shares he owned in the company to secure personal loans.
Carphone Warehouse Co-Founder Quits Over Share Scandal
David Ross, the co-founder of British mobile phone retailer Carphone Warehouse has resigned as deputy chairman after failing to declare he pledged shares he owned in the company to secure personal loans.
08 March 2007
Carphone Warehouse Drops 'Big Brother' Sponsorship
Carphone Warehouse has announced that it will end its £3 million sponsorship of Channel 4's 'Big Brother' show following the controversial row over alleged racist bullying in the celebrity version of the show earlier this year.
Carphone Warehouse Drops 'Big Brother' Sponsorship
Carphone Warehouse has announced that it will end its £3 million sponsorship of Channel 4's 'Big Brother' show following the controversial row over alleged racist bullying in the celebrity version of the show earlier this year.
11 October 2006
Carphone Warehouse acquire AOL UK
Carphone Warehouse has bought AOL Internet access business in the UK from Time Warner for �370 million. The acquisition of the AOL's access business will give Carphone Warehouse an enlarged broadband customer base of approximately 2 million customers, making it the third largest broadband provider in the UK.
Carphone Warehouse acquire AOL UK
Carphone Warehouse has bought AOL Internet access business in the UK from Time Warner for �370 million. The acquisition of the AOL's access business will give Carphone Warehouse an enlarged broadband customer base of approximately 2 million customers, making it the third largest broadband provider in the UK.
24 July 2008
Plan Unveiled To Fight Online Piracy
The UK record label's association BPI has reached a "groundbreaking" agreement with major internet service providers and the Government to help significantly reduce illegal filesharing.
Plan Unveiled To Fight Online Piracy
The UK record label's association BPI has reached a "groundbreaking" agreement with major internet service providers and the Government to help significantly reduce illegal filesharing.
19 January 2007
'Racist' rows played down by contestants
Celebrity Big Brother contestants have played down the rows between housemates, denying that they are racist. Bollywood actress Shilpa Shetty told former Steps singer Ian 'H' Watkins "people say things in anger" and that this was not racist behaviour.
'Racist' rows played down by contestants
Celebrity Big Brother contestants have played down the rows between housemates, denying that they are racist. Bollywood actress Shilpa Shetty told former Steps singer Ian 'H' Watkins "people say things in anger" and that this was not racist behaviour.
-
Northern Ireland WeatherThis Evening and Tonight:Bright spells with a few showers continuing through this evening. Some drier, clearer periods in the early hours, before cloud builds and showers turn more persistent towards dawn. Minimum temperature 4 °C.
