Deals
China’s JD.com in Early-Stage Talks to Buy UK Retailer Currys
- UK electronics retailer had rejected an offer from Elliott
- JD.com looks overseas to establish avenues of future growth
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Chinese e-commerce operator JD.com Inc. is the latest company to consider buying UK electronics retailer Currys Plc, as a path to toward new avenues for growth away from home.
JD.com “is in the very preliminary stages of evaluating a possible transaction that may include a cash offer for the entire issued share capital of Currys,” the company said in a regulatory filing on Monday. It came in response to a report by the Telegraph that the two sides held exploratory talks in recent weeks. JD.com has until March 18 to decide whether to make an offer, the company noted in its statement.