Tagged With the good guys

JB Hi-Fi has announced that it has entered into a binding agreement to buy whitegoods retailer Good Guys for $870 million, acquiring 100 per cent of its privately-held competitor. The deal will see both retail chains continue largely separately in the eyes of customers, but behind the scenes will mean the two are more efficient, potentially driving prices down for consumers.

Dick Smith's retail stores are all empty now, and it's looking like Australia's tech retail market might be about to get even smaller. Reports around the 'net this morning suggest that JB Hi-Fi is in talks to take over competitor The Good Guys, and JB itself has confirmed that it's thinking about it.