Chinese online retailer JD.com and American investment firm Elliott Partners looked to be in a bidding war for the high-street giant, but hopes of a takeover were dashed last week when both would-be buyers pulled out of the running.
Elliott had made two bids, the second valuing Currys at £757 million, but the retailer’s board said both were too low. JD.com did not submit a formal bid, but did make a preliminary approach.
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