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German e-retailer Zalando makes takeover bid for rival About You

Published by Global Banking & Finance Review

Posted on December 11, 2024

1 min read

· Last updated: January 27, 2026

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Zalando Announces Acquisition Bid for About You

(Reuters) - German online retailer Zalando on Wednesday said it intends to acquire fashion holding About You for 6.50 euros ($6.84) per share, as part of plans to form a pan-European e-commerce platform.

($1 = 0.9502 euros)

(Reporting by Andrey Sychev, editing by Rachel More)

Key Takeaways

  • Zalando plans to acquire About You for €6.50 per share.
  • The acquisition aims to form a pan-European e-commerce platform.
  • Zalando is a leading German online retailer.
  • About You is a fashion holding company.
  • The deal is valued at approximately $6.84 per share.

Frequently Asked Questions

What is the main topic?
The main topic is Zalando's plan to acquire About You to create a pan-European e-commerce platform.
What is the offer price per share?
Zalando offers €6.50 per share for About You.
What is the strategic goal of the acquisition?
The strategic goal is to form a pan-European e-commerce platform.

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