The German electronics retailer Ceconomy AG issued an announcement on July 24th, confirming that it is engaged in in-depth negotiations with JD.com regarding a potential acquisition. JD.com is contemplating a public takeover offer at a price of €4.60 per share, which could potentially value Ceconomy at up to €2.2 billion. Currently, no binding agreement has been signed between the two parties, making it uncertain whether JD.com will proceed with a formal takeover offer.