Amazon confirms acquisition of Dubai-based e-commerce site Souq.com in deal that sources said was valued at around $650M
Ingrid Lunden / TechCrunch :
Sources: Emaar Malls, the shopping-center unit of Dubai's largest publicly-traded property developer, has offered ~$800M for Souq.com, challenging Amazon's bid
Offer of about $800 million said to have come last week — Emaar Chairman Alabbar focusing on technology investments
Sources: Amazon has finalized a deal to acquire Middle Eastern rival Souq.com for $650M, below its $1B valuation from February 2016
TechCrunch :
Sources: Amazon has finalized a deal to acquire Middle Eastern rival Souq.com for $650M, below its $1B valuation from February 2016
Mar 23, 2017, 8:48 amMar 23, 2017, 8:48 am — Amazon continues its march across the globe, and one of its newest targets is the Middle East.
Sources: Amazon is in talks to acquire Dubai-based e-commerce website Souq.com for $1B; the website sells 1.5M products in UAE, Egypt, Saudi Arabia
Bloomberg :
Sources: Amazon is in talks to acquire Dubai-based e-commerce website Souq.com for $1B; the website sells 1.5M products in UAE, Egypt, Saudi Arabia
No final decisions have been made, talks could still falter — Middle East e-commerce site initially planned to sell a stake
Sources: Amazon is in talks to acquire Dubai-based e-commerce website Souq.com for $1B; the website sells 1.5M products in UAE, Egypt, Saudi Arabia
No final decisions have been made, talks could still falter — Middle East e-commerce site initially planned to sell a stake
Souq, Amazon Of The Middle East, Raises $275M From Tiger And More At A $1B Valuation
Monday, February 29 Sara Hamdan / New York Times : Souq, Online Retailer in Middle East, Gets a $275 Million Boost Matthew Martin / Bloomberg Business : Tiger Global Boosts Souq.com Investment in Late...