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Asos believed to have received takeover offer, Frasers Group ups share

Shares for struggling online retailer Asos were boosted 7 percent after speculation over a rumoured takeover bid ran rampant through the media. According to The Sunday Times, the company was approached with a 1.24 billion dollar takeover bid in December 2022 by Trendyol, a Turkish online competitor backed by Chinese e-commerce giant Alibaba. The...