M&A WATCH- Amazon subsidiary Souq.com has acquired Wing.ae, a startup that is building out a network for Prime-style same-day and next-day deliveries for various e-commerce marketplaces, according to TechCrunch’s Ingrid Lunden. Lunden says “Souq and Amazon are buying into a startup that will help them stay ahead in an area that has been one of Amazon’s traditional strengths, logistics” and Wing.ae can “also potentially can help Amazon build out its Prime business into the region.” The financial terms of the agreement were not disclosed.

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