TechNode

JD.com wins conditional EU approval for $2.5 billion Ceconomy acquisition

JD.com secured conditional European Union approval on November 3 for its $2.5 billion acquisition of German electronics retailer Ceconomy, with the Chinese company aiming to close the transaction by November 12. The deal will expand JD.com’s European presence through Ceconomy’s MediaMarkt and Saturn retail chains. The European Commission reviewed the acquisition under its Foreign Subsidies […]

By TechNode

1 min read
JD.com wins conditional EU approval for $2.5 billion Ceconomy acquisition
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Technology & Digital Transformation

Related Insights