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Amazon.com’s logo is seen at Amazon Japan’s office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon


Amazon Acquires Souq.com for $650 Million

Amazon Acquires Souq.com for $650 Million

by | Mar 24, 2017 | Business

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...