Market Chatter: JD.com Considering Bid for British Retailer Very Group
MT Newswires Live
May 26
China's JD.com (HKG:9618) is considering a 2 billion pound bid for British online shopping platform The Very Group, Reuters reported Friday, citing a Sky News report.
The firm previously tried to expand in the UK with its failed takeover bid for Currys and walked away from talks to acquire Argos from Sainsbury's last year.
Carlyle, the owner of The Very Group, has reportedly been seeking to sell the British retailer since January.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.