Currys PLC (LSE:CURY) shares have slipped 4.5% lower after Chinese tech giant JD.com revealed it would not be making a bid for the electronics retailer.
Over recent weeks, representatives of JD.com had spoken with the FTSE 250 company's board but a formal offer was never made.
Now JD.com has confirmed "it does not intend to make an offer for Currys".
Earlier this week, Elliott Advisors withdrew its intention to make a full takeover offer after the company's board failed to express interest in being taken private.
Elliot made two approaches, with the second valuing the group at 67p per share, or £750 million.
Analysts had thought another bidder may have offered as much as 75p per share for the company, but with JD.com's withdrawal, no more suitors lay in the wings.