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Company Statement:The Media-Saturn Group takes over international online retailer Redcoon

( March 30, 2011, 15:48 GMT | Official Statement) -- MLex Summary: The German consumer electronics retailer Media Saturn announced that it plans to take over Redcoon, an online retailers of electronic products. After the tie-up the company will continue to be managed by its founder Reiner Heckel as an independent subsidiary of the Media Saturn and will be in competition with its retail brands Media Markt and Saturn.The full statement follows:...

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