{"id":640913,"date":"2017-09-07T04:06:49","date_gmt":"2017-09-07T04:06:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/"},"modified":"2017-09-07T04:06:49","modified_gmt":"2017-09-07T04:06:49","slug":"souq-acquires-wing-ae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/","title":{"rendered":"Souq acquires Wing.ae"},"content":{"rendered":"

M&A WATCH- <\/strong>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\u2019s Ingrid Lunden<\/a>. Lunden says \u201cSouq and Amazon are buying into a startup that will help them stay ahead in an area that has been one of Amazon\u2019s traditional strengths, logistics\u201d and Wing.ae can \u201calso potentially can help Amazon build out its Prime business into the region.\u201d The financial terms of the agreement were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s Ingrid Lunden. Lunden says \u201cSouq and Amazon are buying into a startup that will help them stay ahead in an area that has been one of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640913","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0406d35c-aff3-4b38-ba19-8e07899a15a9","order":"0","is_powered_by":true,"section_story_id":"e0006523-ec74-4d3f-a21d-a4be2e0fcd04","story_type":"1","photo_url":"","photo_position":"above","related_issue":[640897],"teaser":"","voice_url":""},"yoast_head":"\nSouq acquires Wing.ae - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Souq acquires Wing.ae\" \/>\n<meta property=\"og:description\" content=\"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\u2019s Ingrid Lunden. Lunden says \u201cSouq and Amazon are buying into a startup that will help them stay ahead in an area that has been one of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-07T04:06:49+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Souq acquires Wing.ae\",\"datePublished\":\"2017-09-07T04:06:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/\"},\"wordCount\":94,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/\",\"name\":\"Souq acquires Wing.ae - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-09-07T04:06:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Souq acquires Wing.ae\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Souq acquires Wing.ae - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/","og_locale":"en_US","og_type":"article","og_title":"Souq acquires Wing.ae","og_description":"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\u2019s Ingrid Lunden. 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The e-commerce giant had operated in Egypt\u2026","rel":"","context":"In "SPEED ROUND: RETAIL"","block_context":{"text":"SPEED ROUND: RETAIL","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-retail\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/458.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575074,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/amazon-mulls-egypt-as-manufacturing-and-export-hub-fine-says-it-will-double-its-investment-in-egypt\/","url_meta":{"origin":640913,"position":1},"title":"Amazon mulls Egypt as manufacturing and export hub, Fine says it will double its investment in Egypt","author":"enterpriseam admin","date":"1 October 2020","format":false,"excerpt":"INVESTMENT WATCH- Amazon might be looking to set up shop in Egypt: Amazon is looking at whether Egypt could be a hub for the manufacture of its own-brand products \u2014 and for exports to the wider region, Amazon MENA Head of Public Policy Dalia Seif El Nasr said during a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/17.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650489,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/","url_meta":{"origin":640913,"position":2},"title":"Emaar Malls makes USD 800 mn bid for Souq, challenging Amazon","author":"enterpriseam admin","date":"26 March 2017","format":false,"excerpt":"Emaar Malls has made a USD 800 mn bid to acquire Souq, challenging Amazon\u2019s USD 650 mn offer to the regional online retailer, Bloomberg reports, citing sources close to the transaction. 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