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Reuters reports that Staples is in advanced discussion with Sycamore Partners, a private equity group, about a sale of the company.

The story notes that "It would represent a bet by Sycamore that Staples could more quickly shift its business model from serving consumers to catering to companies if it were to go private. Sycamore is in the process of finalizing a debt financing package for its bid for Staples after it prevailed over another private equity firm, Cerberus Capital Management, three sources said."
KC's View:
After regulators shot down its acquisition of Office Depot, Staples probably didn't have much choice.