Amazon appears to have found its next area for e-commerce expansion: the Middle East. CNBC reports that Amazon has been reaching out to large third-party sellers in North America, telling… Read More
Amazon has completed its purchase of Souq, a 12-year-old e-commerce company sometimes called the Amazon of the Middle East. Amazon paid $580 million in cash for the Dubai-based online retailer, according… Read More
Confirming widespread reports anspeculation, Amazon this morning announced an agreement to acquire Souq.com, a 12-year-old e-commerce company sometimes called the Amazon of the Middle East. The purchase price wasn’t immediately disclosed. Amazon… Read More
Amazon is reportedly set to acquire Middle East e-commerce giant Souq.com as it furthers its quest of global online shopping domination. TechCrunch, Reuters, and CNBC all reported that the deal… Read More
Souq.com, an 11-year-old e-commerce marketplace based in the Middle East, is considering a $1 billion buyout offer from Amazon.com, reports Bloomberg News, citing people familiar with the matter. An acquisition… Read More