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Ceconomy has responded to recent media reports. The listed company behind the MediaMarkt and Saturn, as well as Deutsche Technikberatung, has confirmed that it is in advanced negotiations regarding a possible public takeover by JD.com.

"JD is considering making the shareholders of Ceconomy a voluntary public takeover offer in the form of a cash offer for all bearer ordinary shares in accordance with the provisions of the German Securities Acquisition and Takeover Act, and to offer a price of EUR 4.60 per ordinary share". The share price currently trades at €4.18, compared with €2.65 at the beginning of the year, and the market capitalisation stands at €2.03 billion. No legally binding agreements have been signed to date. At present, Ceconomy is unable to predict whether a takeover bid will actually be made or not.

JD.com is one of China's largest e-commerce [companies](https://www.finanzen.net/unternehmensprofil/jdcom) and operates on a global scale. The company was founded in 1998 as an electronics store, and has since evolved into a leading online shopping platform, offering a wide range of products and maintaining its own logistics network.

Ceconomy is the owner of the MediaMarkt and Saturn brands, with a total of 1,030 retail stores across Europe. The company's own brands include Peaq, Koenic, ok. and Isy. MediaMarkt has a network of over 300 stores in Germany, with more than 80 of these being Saturn stores. MediaMarkt is gradually taking over more and more Saturn shops ([Handelsblatt](https://www.handelsblatt.com/unternehmen/handel-konsumgueter/elektromarkt-media-markt-uebernimmt-immer-mehr-saturn-filialen/100133762.html)). MediaMarktSaturn generated net sales of around €22.4 billion in the 2023/24 financial year, with approximately 50,000 employees. Online sales accounted for 23.6 per cent of total sales. Approximately 2 billion customer contacts are made each year.

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Chinese E-Commerce Giant in Talks to Acquire Ceconomy (MediaMarkt and Saturn)