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Amazon takeover rumours boost Asos shares

Asos.com shares rose by more than 15% yesterday (October 6) after UBS analysts said a takeover from Amazon could be on the cards.

On Monday, UBS analysts said Amazon could be a likely suitor for the business, causing Asos.com shares to increase to 304p, or 15.8% to £22.27, the biggest rise since August.

The share spike in August also followed speculation that Amazon and eBay were interested in bidding for the retailer.

The online retailer has issued three profit warnings this year - in September, June and March - which each caused shares to drop.

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