JD.com bids to acquire Ceconomy

JD.com has launched a voluntary takeover bid for Ceconomy, the parent company of MediaMarkt and Saturn, offering EUR 4.6 per share. Backed by anchor shareholder Convergenta, the deal would give JD access to 57.1% of shares. If approved, Ceconomy will operate as a standalone business while drawing on JD’s logistics and technology to support its European expansion.