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JD.com eyes acquisition of UK retailer

JD.com has revealed its interest in acquiring Britain’s electrical retailer Currys, following reports of a potential takeover bid by US-based investor Elliot Advisors. Currys, which recently rejected Elliot’s cash offer of 62 pence ($0.78) per share, witnessed a significant surge in its stock price, jumping up to 37 percent. JD.com, still in the preliminary stages of evaluation, is considering a cash offer for the entire issued share capital of Currys. The potential acquisition comes as Currys faces challenges in profit growth amid economic pressures.

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