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Wednesday, 22 March 2017

Amazon deal for Souq.com is back on | The National

Amazon deal for Souq.com is back on | The National:

"Amazon’s interest in making an investment in regional online retailer Souq.com is back on. Speculation about a potential sale of Souq to the US ecommerce firm had circulated for months but the deal was thought to have floundered in January over the valuation. Souq.com had been valued at US$1 billion in a $275 million funding round in February last year. It is understood that a full acquisition of Souq.com by Amazon has now been agreed."



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