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Business / Middle East Business

Amazon to buy largest Mideast e-retailer Souq.com

Published: 28 Mar 2017 - 12:03 pm | Last Updated: 01 Nov 2021 - 01:02 pm
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AFP

Dubai: Amazon will acquire the Middle East's largest online retailer Souq.com, the two companies said in a statement on Tuesday without disclosing the value of the deal.

The announcement comes a day after Dubai-based Emaar Malls confirmed offering $800 million to acquire Souq.com. 

Amazon had walked away from talks with Souq.com earlier this year after it had reportedly offered $650 million.

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