Amazon is to acquire Souq, which generates 78 per cent of e-commerce in the Middle East and North Africa?
SOURCE: gulfbusinessUS online shopping giant Amazon has reportedly agreed a full acquisition of UAE-e-commerce site Souq.com after previously backing away from a deal.
Bloomberg reported earlier this month that Amazon had restarted talks to acquire Souq for as much as $650m after discussions stalled in January due to a disagreement over the price.
