JD(US:JD) Zheng Quan Shi Bao·2025-09-02 10:42Core Viewpoint - JD Group announced a voluntary public takeover offer for CECONOMY AG, the parent company of MediaMarkt and Saturn, at a price of €4.60 per share, totaling approximately €2.23 billion or 185 billion RMB for all outstanding shares [1][4]. Acquisition Details - The acquisition offer is subject to several conditions, including regulatory approvals by November 10, 2026, and the acceptance period runs from September 1, 2025, to November 10, 2025 [6]. - CECONOMY has 485 million shares outstanding, and the offer price represents a significant premium, as CECONOMY's stock price surged over 12% on the announcement day [4][6]. Strategic Intent - The partnership aims to enhance CECONOMY's growth while maintaining its independent operations and local technology infrastructure [7]. - JD Group's CEO expressed confidence in CECONOMY's market position and emphasized the commitment to support its talent development and unique corporate culture [7]. Recent Performance - JD Group reported a revenue of 356.7 billion RMB (approximately $49.8 billion) for Q2 2025, marking a 22.4% year-over-year increase, surpassing market expectations [8]. - The company has been actively expanding its presence in various sectors, including food delivery, and has made significant investments in leading companies within the smart technology field [7][8].