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Stock impact report

JD.com And Ceconomy Mega Deal Delayed By Austrian Regulators [Forbes]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: Forbes
referendum on whether Europe is still open to the next phase of global retail integration, or quietly redrawing its boundaries. And Austria's intervention has brought that question to the forefront as European retail charts a new future. JD.com's $2.5 billion bid for Ceconomy , the owner of German-based MediaMarkt and Saturn, has hit a regulatory roadblock, with the company warning that “whether the transaction can be completed… is questionable” amid the current review process. At the same time, Ceconomy has accused Austrian authorities of having “refused to engage in a joint solution-finding process,” a claim that Vienna has firmly rejected, insisting it is “fully cooperative” while scrutinizing risks tied to “security, public order, critical infrastructure, and key technologies.” Ceconomy And JD.com Tie-Up Ceconomy operates more than 1,000 stores across Europe and generates nearly $23 billion in annual revenue, making it one of the continent's biggest truly scaled omnichan Show less Read more
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