Blackburn brothers bid billions to buy Asda

The Blackburn brother and a private equity firm have been named as the preferred bidders to buy the US Walmart owned Asda.

Walmart has owned Asda since 1999 and are selling off a majority stake in the supermarket chain.

According to Sky New the deal with the billionaire Issa brother and TDR Capital could be paying as much as £6.5bn.