JD.com Inc. has announced its decision not to pursue an offer for British electronics retailer Currys, mirroring the recent retreat of US buyout firm Elliott Investment Management. Following JD.com’s withdrawal, Currys’ share price plunged 4.8% to 56.10 pence, sparking speculation of a potential bidding war after Elliott’s failed attempts. Despite offering up to 67 pence per share valuing Currys at $988 million (£760 million), both bids were rejected, with Currys insisting on a higher valuation.