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Amazon confirms acquisition of Souq, marking its move into the Middle East

 Amazon today confirmed that it has acquired Souq.com, an e-commerce marketplace serving the Middle East based out of Dubai, which was already commonly described as “the Amazon of the Middle East.” We had reported last week that the companies had already reached an agreement and that “the ink [was] dry” on a deal that was valued at around $650 million. Amazon today… Read More

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Amazon confirms acquisition of Souq, marking its move into the Middle East

 Amazon today confirmed that it has acquired Souq.com, an e-commerce marketplace serving the Middle East based out of Dubai, which was already commonly described as “the Amazon of the Middle East.” We had reported last week that the companies had already reached an agreement and that “the ink [was] dry” on a deal that was valued at around $650 million. Amazon today… Read More

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