Chinese E-Commerce Giant JD.com Makes $2.5 Billion Bid To Buy Germany’s Ceconomy

ByZinnia Lee

ByZinnia Lee,

Forbes Staff.

JD.com, the Chinese e-commerce giant controlled by billionaire Richard Liu, has proposed to acquire Ceconomy in a deal that values the German electronics retailer at €2.2 billion ($2.5 billion).

JD.com said on Wednesday it has made a cash offer of €4.6 per Ceconomy share. The bid represents a premium of 23% over Ceconomy’s traded price of €3.75 on July 23, before media reports said JD.com was in talks to acquire the company, Ceconomy said in a separate statement.

Chinese E-Commerce Giant JD.com Makes $2.5 Billion Bid To Buy Germany’s Ceconomy

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