Amazon and owners of Souq.com talking again?

12 Mar 2017

Amazon resumed talks to acquire UAE-based online marketplace Souq.com after the owners of Souq had trimmed their expectations of what they can get for Souq. The parties are now negotiating around the level of $650 million U.S., Bloomberg reported, citing sources familiar with the matter.

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Ayman Helal

Ayman Helal is a writer and analyst for the MENA region. He works as a Journalist and Editor at Dar- Al Hayat publishing and distribution (A Pan Arab newspaper) since 2011. With more than 7 years of experience in writing, he published several articles in the Lebanese and Arabic media, which handled economic, touristic, political, and social issues.