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Asos shares jump following reports of US buyout

Shares in Asos soared yesterday (August 28) following unconfirmed reports of a US bid for a stake in the etailer.

The shares in the company, which have fallen by almost two thirds this year after two profit warnings and a warehouse fire, surged 17% to 2,751p, pushing up other online businesses including Boohoo.com.

There has been “vague talks” of a US cash bid of £50 a share, according to This is Money. It is understood the potential buyer approached Bestseller, which owns 27.4% of the business.

Amazon and Ebay were among the companies mooted as potential buyers.

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