Jd Com IncJD.com received a formal notice from the European Commission outlining concerns over its proposed acquisition of Ceconomy, indicating regulatory hurdles.
Chinese e-commerce giant JD.com has received a formal notice from the European Commission outlining concerns over its proposed $2.5 billion acquisition of German electronics retailer Ceconomy. The notice was one of several major corporate developments in Asia this week, alongside Samsung Electronics creating a new robotics division called Robotics eXperience to oversee its mid-to-long-term robotics strategy, and Playtika discussing the sale of Israeli game developer SuperPlay to Tencent in a deal valued between $1 billion and $1.5 billion. In Europe, Airbus unveiled a €5 billion share buyback and raised its medium-term financial targets, Commerzbank invited UniCredit to start merger talks, and Rolls-Royce announced two commercial engine agreements. Global markets were mixed, with the S&P 500 down 0.4% and the Nasdaq falling 2.1%, while the Dow rose 0.2% and European equities gained 0.8%.
Jd Com IncJD.com received a formal notice from the European Commission outlining concerns over its proposed acquisition of Ceconomy, indicating regulatory hurdles.
Ceconomy AGCeconomy is the target of JD.com's acquisition; the EU notice introduces uncertainty about the deal's completion.
Commerzbank AG
UniCredit SpA
Samsung Electronics Co Ltd
Tencent Holdings Ltd
Airbus Group SE
Playtika Holding Corp
Rolls-Royce Holdings PLC