Asda and Sainsbury’s deal is an ‘Amazon protection program,’ investment manager says

The merger deal between J Sainsbury and Walmart's Asda is an attempt to protect against the rise of e-commerce giant Amazon, an investment manager told CNBC on Monday. The two companies announced early Monday that they willjoin forces to become the U.K.'s largest grocer, surpassing Tesco. social experiment by Livio Acerbo #greengroundit