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March 23, 2017 03:48 pm GMT

Amazon to acquire Souq, a Middle East clone once valued at $1B, for $650M

Amazon continuesits march across the globe, andone of its newest targets is the Middle East. According to multiple reports that we have confirmed with our own sources, the e-commerce giant has acquired Souq,oftendescribed as the Amazon of the Arab world and the region’s biggest e-commerce player, for a price of $650 million, to spearhead its Middle East business. “The ink… Read More

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