Deals
Getgoods Said to Talk to Rival as Metro Discussions Fail
This article is for subscribers only.
Getgoods.de AG is in talks to be bought by a competitor after negotiations for the online retailer to be acquired by Metro AG’s Media-Saturn consumer-electronics chain failed, two people familiar with the discussions said.
Getgoods.de, a Frankfurt-based seller of goods including mobile phones, computers, televisions and toys, is valued at 60 million euros ($77 million) to 100 million euros, according to the people, who declined to be identified because the talks are private. The company is in advanced talks with another investor in the industry, the people said. Negotiations with Media-Saturn halted because the companies couldn’t agree on Getgoods.de’s valuation, the people said.