To grow online biz, British supermarket Sainsbury's to buy Argos for $1.9b

To grow online biz, British supermarket Sainsbury's to buy Argos for $1.9b

A sign is displayed outside a Sainsbury's store in London, in this file photograph dated December 3, 2015. REUTERS/Neil Hall/files

Sainsbury’s, Britain’s second biggest supermarket, has agreed to buy Argos-owner Home Retail for 1.3 billion pounds ($1.9 billion) to boost its online business and expand sales of items such as electrical goods.

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