JD.com's $2.5 billion Ceconomy takeover nears EU approval

The European Commission is expected to approve JD.com's $2.5 billion takeover of German retailer Ceconomy after the Chinese company revised its commitments. A decision is due by November 4. Ceconomy owns the MediaMarkt and Saturn chains.

• The deal is valued at $2.5 billion
• EU decision expected by November 4
• JD.com offered Ceconomy logistics and tech services at market prices
• Review was conducted under the EU Foreign Subsidies Regulation