Following the media speculation on 13 September regarding discussions between J Sainsbury (JSAIY) and JD.com (JD) about a potential sale of Home Retail Group Limited, JD.com has communicated that it would now only be prepared to engage on a materially revised set of terms and commitments which are not in the best interests of Sainsbury’s shareholders, colleagues and broader stakeholders. Accordingly, Sainsbury’s confirms that it has now terminated discussions with JD.com.
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