Jumia Technologies (JMIA) has received takeover interest from telecommunications company Axian Telecom, Bloomberg’s Loni Prinsloo reports. According to people familiar with the matter, Axian raised $600M this week to refinance its debt and help fund a possible takeover of Jumia, though no final decisions have been made.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JMIA:
- Jumia jumps after Bloomberg reports on Axian takeover interest
- Jumia Technologies drawing takeover interest from Axian Telecom, Bloomberg says
- Jumia jumps, halted for volatility after Bloomberg report on takeover interest
- Jumia Technologies launches Buy Now, Pay Later in Algeria
- Largest borrow rate increases among liquid names