Amazon to acquire Dubai-based e-commerce site SOUQ.com

After rumors, Amazon has confirmed that it has agreed to acquire Dubai-based e-commerce site SOUQ.com. Even though the company did not confirm how much the deal is worth, it is said to be valued at around $650M. SOUQ.com was started 12 years ago, and is the Middle East’s largest online retail and marketplace site with localized operations in … Continue reading "Amazon to acquire Dubai-based e-commerce site SOUQ.com"

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