Business • Markets
2021-01-12T03:00:02+00:00

Staples proposes buying rival Office Depot for $2.1 billion

Staples proposes buying rival Office Depot for $2.1 billion
Staples Inc. logo

Five years after the US government blocked a prior attempt, Staples is again looking to buy rival Office Depot in a $2.1 billion cash deal.

Staples went private in 2017, selling itself to Sycamore Partners, a firm focused on keeping distressed retailers afloat. To avoid antitrust scrutiny, Staples proposed selling its IT management company CompuCom or its business-to-business unit.

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Card reviewed by: @ash