China's JD.com joins takeover battle of UK's Currys, Retail News, ET Retail
UKs Currys shares soar after Chinas JD.com joins takeover battle. Chinas JD.com said it was evaluating a takeover of Britains Currys, sending shares in the electricals retailer soaring, and laying the ground for a bidding war after the group rejected a rival 700 million pound ($883 million) deal. Chinese e-commerce group JD.com Inc confirmed on Monday that it was looking at Currys, after a report in The Times newspaper said that another bidder, U.S.-based investor Elliot Advisors, was consideri...
Source: indiatimes.com