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UK e-tailer ASOS has not had a great first half of the year—shares dropped down 61% as the company weathered a profit warning, slow overseas expansion, and that terrible warehouse fire. But The Independent is reporting that ASOS shares just saw a sudden increase of almost 7% due to a rumor circulating that the retailer is in talks for a buyout with an American company. The bet's currently on eBay, the site that has been trying again and again to re-position itself as a legitimate retailer but can't seem to shake its auction-centered roots. Nothing has been confirmed by either company yet.
· Market Report: Asos bid rumours see fashion retailer jump by almost 7 per cent [Independent]
· ASOS Is Back Online After Friday's Devastating Warehouse Fire [Racked]
· Sneak Peek! Here's What ASOS Has Planned For Fall [Racked]