JD.com Acquires MediaMarkt Parent Company Ceconomy – China‘s Retail Giant Sets its Sights on Europe‘s Electronics Market
Reading Time: 4 minutes
Chinese tech giant JD.com is embarking on its largest international expansion to date – and is making targeted acquisitions in the European retail sector. With a takeover bid of €2.2 billion for Ceconomy AG, the parent company of MediaMarkt and Saturn, JD.com is setting the course for a profound strategic shift in the European retail sector. The facts: JD.com is offering €4.60 per share JD.com has submitted a public takeover bid of €4.60 per share, representing a premium of 23% on the share price prior to the announcement of the talks....
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