Amazon acquiring Souq after all? Amazon’s interest in making an investment in regional online retailer Souq.com is reportedly back on, The National reports. The two companies will finalize the transaction next week, with negotiations on valuation, future plans for the company, and its trade name still underway, a source from Souq tells Al Mal. Initial reports that Amazon’s interest in Souq.com was reignited emerged two weeks ago. “It is understood that a full acquisition of Souq.com by Amazon has now been agreed,” Andrew Scott writes in The National.
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