Three companies are queuing up to buy one of the UAE's most popular e-commerce websites, further signalling the rapid growth of online retail in the Middle East.
EmiratesAvenue.com, an electronics website based in Dubai, is in talks with three potential buyers, the negotiations coming just months after the US company LivingSocial snapped up GoNabit.com, a daily deals website.
"We are not only on the lookout for proposals, we have a few proposals so we are discussing the best offer," said Julien Pascual, the chief executive of EmiratesAvenue.com. "We are not looking at the offer in terms of cash only, but who will develop the website in the best way and make it bigger."
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