Zalando Agrees to Acquire About You for About €1.1 Billion
Zalando SE Headquarters, 5, Valeska-Gert-Straße, Mediaspree, Friedrichshain, Friedrichshain-Kreuzberg, Berlin, 10243, Deutschland
Zalando
CONFIRMED82% CONFIDENCEZalando's[1] own investor-relations announcement is dated 11 December 2024, when the companies said they had "agreed on the key terms of a public takeover offer"; no time of day is given.
Zalando agreed to acquire German rival About You for €6.50 a share, a roughly 12% premium to analysts' median price target, with major About You shareholders representing about 73% of its shares - including the Otto family - already committed to accepting the offer.
€1.1B
1.00
