Currys receives increased £750m takeover bid from Elliott amid bidding war

The UK electronics retailer Currys has rejected a revised £750 million offer from US investor Elliott Advisors, as competition intensifies with Chinese giant JD.com showing interest.

Elliott Advisors, known for its activist investments, has raised its bid for Currys to between 65p and 70p a share, up from an initial offer of 62p.
Currys' board is unlikely to accept any offer below 80p a share, valuing the company at around £900m, despite the increased bid.
JD.com, a Chinese e-commerce giant, has also expressed interest in Currys, potentially leading to a bidding war.
Currys has been facing challenges but is reported to have recently turned a corner, with analysts noting improvements in its performance.
The UK's takeover regulator has set a mid-March deadline for Elliott and JD.com to make firm offers for Currys or withdraw.