Chinese e-commerce giant JD.com abandons Currys acquisition bid after Elliott Advisors' withdrawal.

Chinese e-commerce giant JD.com has decided not to make an offer for British electronics retailer Currys, following US investor Elliott Advisors' withdrawal. JD.com had considered acquiring Currys to expand its presence in the UK and Europe. Currys has been struggling due to increased competition and reduced consumer spending, with its share price falling around 60% since early 2021.

March 15, 2024
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