Amazon is agreed tp buy Dubai-based internet Geant Souq.com, one of the best-known names in the Middle East online shopping in the MENA region.
Souq.com which is famous and largest marketplace in the MENA region which sells electronics, fashion, household items and other goods.
Currently, Souq did not disclose the price of the deal, but according to source Souq.com able to raised $650 Million. Souq.com’s existing investors include Tiger Global Management and South Africa’s Naspers Ltd. The company hired Goldman Sachs Group Inc. to find buyers for a stake last year, people said at the time.
Currently, no one official respond on the deal either souq.com and also from the amazon.
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