
The owner of the Currys and PC World brands, Dixons Retail, and mobile phone retailer Carphone Warehouse have announced they are to merge in a deal worth £3.8 billion. Dixons operates electronics and appliances stores mainly in the UK and Northern Europe, while Carphone Warehouse operates more than 2,000 cellphone stores across Europe. The all-share merger, brings together two of the UK's biggest retailers to create a company valued at more than £3 billion.