JD.com in talks to take over British electronics retailer Currys

“JD.com” negotiates to take over Currys, a British electrical appliance retailer. This after the group rejected a £700m deal from rival Elliot Advisors.

On February 19, 2567, Reuters news agency reported that JD.com China's major e-commerce platform specify that It is evaluating the acquisition of British electronics retailer Currys. Send stocks soaring and laid the groundwork for a bidding war after the group rejected a rival 700 million pound ($883 million) deal.

JD.com Inc confirmed it is considering acquiring Currys after a report in The Times newspaper said another bidder, US investor Elliot Advisors, was considering a higher offer.

side Currys confirmed this to the stock market on Monday (19 February 2567). I can say that. It rejected Elliot's possible cash offer of 62 pence per share. Said: The company is believed to be significantly undervalued.

Currys shares jumped 37% at the open on Monday (19 February 2567), their first trading session since news of Elliott's bid broke, and were up 33% at 62.3 pence.

While the British newspaper Telegraph quoted a source as saying It was reported on Sunday (February 18, 2567) that JD.com representatives had been in contact with the Currys and held investigative talks in recent weeks. JD.com said It is in the preliminary stages of evaluating a possible transaction. This may include a cash offer for all of Currys' issued capital.

refer : reuters.com