Buck Up: Dollar Tree Buys Family Dollar For $8.5 Billion

News
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CHESAPEAKE, VA– The most annoying part about shopping at Family Dollar? Not everything is actually a dollar.

And, as it turns out, the actual store costs a little more than a dollar, too — $8.5 billion, to be exact.

That’s a lot of stuff made in China.

On Monday, Dollar Tree announced they’re buying their competitor, Family Dollar, to create one giant dollar empire to defeat all other dollar empires. The deal is expected to close early next year.

In DFW alone, there are more than 50 Dollar Trees and more than 100 Family Dollars in the area. So this will mean less competition for those two stores and give other “cheap chains” a run for their money.

A lot of dollars involved in this deal– hopefully there’s some “cents” too.

30 Second Downloads

As COVID-19 cases rise, so does food insecurity

Thumbnail for the video titled "As COVID-19 cases rise, so does food insecurity"

Texas Medical Association ranked the risk of getting COVID-19 at various places

Thumbnail for the video titled "Texas Medical Association ranked the risk of getting COVID-19 at various places"

American scientists and engineers being featured on new innovation stamps

Thumbnail for the video titled "American scientists and engineers being featured on new innovation stamps"

Don't Miss

Popular

Latest News

More News