Sainsbury's to buy Asda from Walmart for $10.1 billion

Sainsbury's to buy Asda from Walmart for $10.1 billion



The British supermarket chain Sainsbury's says it has agreed to buy Walmart Inc.'s U.K. unit, Asda, for 7.3 billion pounds ($10.1 billion) in cash and stock in what would mark a seismic shift in the country's grocery market.