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Kroger seeks to create grocery giant in $20B Albertsons bid | News, Sports, Jobs

Kroger buying rival for $24.6B

The grocery chain Kroger announced plans Friday to buy competitor Albertsons for $24.6 billion, potentially creating a grocery empire spanning the United States.

Kroger seeks to create grocery giant in $20B Albertsons bid

Two of the nation s largest grocers have agreed to merge in a deal they say would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business.

Kroger seeks to buy Albertsons in $20 billion deal

If it's able to go through successfully, Kroger hopes the merger will allow them to compete with retail giants such as Amazon and Walmart.

Kroger seeks to create grocery giant with $20B Albertsons bid

Kroger already operates 2,800 stores in 35 states, while Alberstons operates 2,220 stores in 34 states.