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AAP
AAP
Business
Derek Rose

Appen down 22pct after Telus revokes bid

Appen informed the ASX late Thursday that a $1.2 billion takeover had been withdrawn. (AAP)

Appen shares have given back most of Thursday's gains after a Canadian tech conglomerate walked away from a $1.2 billion takeover offer after initially expressing tentative interest.

Appen told the ASX on Thursday evening that Telus had given no reason for revoking its interest in the Sydney-based firm, which provides high-quality training data to the artificial intelligence industry.

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