NEWS23 September 2015
UK — Tesco’s sales of its data arm, dunnhumby, may be called off as WPP remains the only bidder according to reports on Sky News.
Reports suggest that the grocery giant’s sales requirement that dunnhumby will have to repitch for the Tesco Clubcard business within five years has proven unattractive to potential buyers.
Dave Lewis, Tesco’s new CEO, is expected to decide this week whether to go ahead with the sale.
Initial reports put the purchase price at a possible £2bn but this is unlikely to be met now. Following news of the sale potentially falling through, Tesco share price dropped 2.8% to 171.55p yesterday.
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