Zalando has agreed to acquire About You for approximately €1.1 billion, offering €6.50 per share, which is a significant premium over the current and average stock prices. The deal, expected to close in summer 2025, has the backing of About You's management and major shareholders. The acquisition aims to combine the strengths of both companies to enhance their offerings in the fashion market, with projected annual cost savings of €100 million. Teljes cikk (Euronews.com)