German electronics retailer Ceconomy, which operates MediaMarkt and Saturn brands, is engaged in advanced talks with Chinese e-commerce company JD.com over a possible voluntary public takeover. JD.com is contemplating a cash offer of €4.

JD.com is acquiring Germany's Ceconomy in a deal that values the electronics retailer at 2.2 billion euros ($2.5 billion), allowing one of China's largest online retailers to expand outside of its home market.

JD.com, one of Chinas largest e-commerce companies, is acquiring German electronics retailer Ceconomy in a deal valued at 2.2 billion ($2.5 billion). The acquisition will give JD.com control of Ceconomys popular