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JD.com in Talks to Buy Germany’s Ceconomy for €2.2 Billion
Chinese e-commerce firm JD.com Inc. is nearing a decision on a bid to acquire German electronics retailer Ceconomy AG, according to people familiar with the matter.
A JD.com Inc. worker delivers packages in Beijing. Chinese e-commerce firm JD.com Inc. is nearing a decision on a bid to acquire German electronics retailer Ceconomy AG, according to people familiar with the matter. JD.com is contemplating an offer of about €4.60 for each Ceconomy share, representing a 23% premium to the company’s closing price of €3.75 on Wednesday, the people said, asking not to be identified as the information is private.
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