JD.com Withdraws from Currys Takeover Bid, Ending Speculation of a Bidding War

The withdrawal of JD.com and US hedge fund Elliott from the takeover talks leaves Currys without any potential buyers, impacting its share price.

JD.com announced it will not make an offer to buy Currys, causing the retailer's shares to drop as much as 10%.
Elliott Advisors also exited the takeover talks earlier, after two bids were rejected by Currys' board.
No other companies are currently linked to a potential deal for Currys, dampening speculation of an imminent bidding war.
Currys' share price had surged around 45% since Elliott's initial interest, but the retailer has faced underperformance in recent years.
Analysts and major shareholders believe Currys is worth substantially more than the offers made, with some valuing the company close to £1bn.