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https://t.co/Y37owkuTyN in Advanced Talks to Buy Germany’s Ceconomy in $2.6 Billion Deal https://t.co/1spowHXsvk
https://t.co/VoWm8SK8AI SAID TO NEAR DECISION ON BID FOR GERMANY’S CECONOMY; https://t.co/VoWm8SK8AI IS CONTEMPLATING AN OFFER OF ABOUT €4.60 FOR EACH CECONOMY SHARE -- reports
Chinese e-commerce firm https://t.co/IYA4U13sNP is nearing a decision on a bid to acquire German electronics retailer Ceconomy https://t.co/GaVnfIMTB2
Chinese e-commerce group JD.com is in advanced discussions on a takeover of Ceconomy AG, the German owner of the MediaMarkt and Saturn electronics chains, according to people familiar with the matter. JD.com is contemplating an offer of about €4.60 for each Ceconomy share, valuing the Düsseldorf-based retailer at roughly €2.4 billion ($2.6 billion). The Beijing-headquartered company is expected to decide shortly whether to proceed with a formal bid.
