EU approves JD.com acquisition of MediaMarkt parent
The European Commission granted conditional approval for JD.com’s planned takeover of Ceconomy, MediaMarkt’s parent, after antitrust and foreign-subsidy scrutiny. The binding ten-year remedies address intra-group dealings and third-party access to European logistics infrastructure, while JD.com guaranteed protections for store locations, brands, management and roughly 50,000 employees.