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Amazon Acquires Souq.com for $650 Million

Amazon Acquires Souq.com for $650 Million

Jeddah – Negotiations had ended for Amazon to buy Souq.com in a deal worth more than $650 million that will shake up Middle East’s electronic trade by taking 78% of the regional sale. Middle Eastern online retailer Souq.com had been valued at $1 billion in its last...