Amazon said to have walked away from Souq.com acquisition

Not a unicorn after all? Amazon and India’s Flipkart Online Services Pvt have walked away from talks to acquire Souq.com after disagreeing over price, sources told Bloomberg. Souq.com is now seeking other potential investors and is reportedly negotiating with Majid Al Futtaim. Souq.com had appointed Goldman Sachs to find buyers for a stake last year and last November, it was reported that Amazon was in talks to buy the company reportedly for a valuation of USD 1 bn.