According to an unverified Sky News report , CVC Capital Partners ( CVC ) , the $ 80bn Luxembourg - headquartered private equity firm , Qatar Investment Authority ( QIA ) , and Oracle , the $ 225bn global asset manager , have discarded their plans to make a bid for UK supermarket group , Sainsbury 's . The trio reportedly decided against the proposed takeover after Sainsbury ’s bid £ 1.4 m last month for Home Retail Group , which also own Argos . A sign is displayed outside a Sainsbury's store in London, in this file photograph dated December 3, 2015. QIA will retain the 50 % stake it already holds in Sainsbury ’s .
According to an unverified Sky News report , CVC Capital Partners ( CVC ) , the $ 80bn Luxembourg - headquartered private equity firm , Qatar Investment Authority ( QIA ) , and Oracle , the $ 225bn global asset manager , have discarded their plans to make a bid for UK supermarket group , Sainsbury 's . The trio reportedly decided against the proposed takeover after Sainsbury ’s bid £ 1.4 m last month for Home Retail Group , which also own Argos . QIA will retain the 50 % stake it already holds in Sainsbury ’s .