JD.com (JD) Stock: Completes €1.34 Billion CECONOMY Acquisition

TLDR JD.com acquires 59.8% of CECONOMY for €1.335 billion in a major European deal. JD shares slide further to $27.44 premarket after closing 1.62% lower at $27.85. CECONOMY brings over 1,000 electronics stores across 11 major European markets. JD.com and partner Convergenta now hold a combined 85.2% stake in CECONOMY. CECONOMY will retain its brands, [...]

The post JD.com (JD) Stock: Completes €1.34 Billion CECONOMY Acquisition appeared first on Blockonomi.