Zooming out to a regional scale: Amazon could be buying Souq.com after all. Seattle-based Amazon has reportedly restarted talks to acquire Dubai-based regional e-commerce platform Souq.com for a reported USD 650 mn, Bloomberg reports. Amazon and India’s Flipkart had walked away from talks to acquire the company January after disagreeing over price, after which it was reported that Souq.com began negotiations with Majid Al Futtaim, among other potential investors. Bloomberg’s sources say that Al Futtaim and other bidders have pulled out of negotiations and Amazon is currently the only potential investor. Amazon refused to comment. Souq.com had appointed Goldman Sachs to find buyers for a stake last year; last November, it was reported that Amazon was in talks to buy the company for a valuation of USD 1 bn.

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