The US investment management firm which had eyed up a takeover of Currys has walked away after having two bids rejected by the British tech and household retailer.

Elliott Advisory launched a £700m takeover bid last month, but was shut down quickly by Currys.

A follow-up £750m bid was also thrown out with stakeholders waiting for a bid of at least £1bn.

The American firm said "multiple attempts to engage with Curry' board" were all rejected, adding: "it is not in an informed position to make an improved offer for Currys on the basis of the public information available to it."

Currys has been attracting interest after losing more than half of its values in three years since the pandemic, with Brits cutting back on electronics during the cost-of-living crisis.

It remains unclear whether Chinese e-commerce giant JD.com will come in with a bid after reports suggested it was considering it, but only has until March 18 to make an offer or walk away.

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