(Bloomberg) — Chinese e-commerce giant JD.com Inc. is considering an offer for British electronics retailer Currys Plc, raising the prospect of a bidding war after a separate approach from Elliott Investment Management LP was rejected over the weekend.
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JD.com confirmed Monday that it is in the early stages of a possible cash offer for the whole of Currys, sending the shares as much as 38% higher. The Chinese company’s interest was reported on Sunday by the Telegraph newspaper.
It followed private equity firm Elliott’s 62 pence-a-share bid, valuing Currys at about…
