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Staples-Office Depot Deal Gets Europe’s Blessing

The European Commission has approved Staples’ $6.3 billion bid to buy Office Depot, joining regulators in China, Australia and New Zealand in green-lighting the deal. But the marriage still faces a major hurdle in the U.S., where the FTC is suing to block the transaction. The case is expected to go before a federal court in March.

“The European Commission said on Wednesday that it had signed off on a $6.3 billion merger of Staples and Office Depot after the companies agreed to sell some of Office Depot’s operations in Europe to ease competition concerns.”

Read More at The New York Times