Market Chatter: Jumia Technologies Receives Acquisition Interest From Axian Telecom

MT Newswires Live

Jul 01

Jumia Technologies (JMIA) has garnered acquisition interest from Axian Telecom, Bloomberg reported Tuesday, citing people familiar with the matter.

Axian recently raised $600 million to refinance debt and fund a potential takeover of Jumia, which is expected to help the companies expand across Africa, the people said.

A final decision is yet to be made, and the companies might not close a deal, according to the people.

Jumia and Axian didn't immediately respond to requests for comments from MT Newswires.

Jumia shares were up 8.3% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 4.36, Change: +0.34, Percent Change: +8.33

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 4.36, Change: +0.34, Percent Change: +8.33</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4122","symbol_name":"互联网与直销零售","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2548888298","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548888298","pubTimestamp":1751381522,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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