{"id":649875,"date":"2017-03-12T04:13:43","date_gmt":"2017-03-12T04:13:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/"},"modified":"2017-03-12T04:13:43","modified_gmt":"2017-03-12T04:13:43","slug":"amazon-reportedly-re-starts-negotiations-to-acquire-souq-com","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/","title":{"rendered":"Amazon reportedly re-starts negotiations to acquire Souq.com"},"content":{"rendered":"

Zooming out to a regional scale: Amazon could be buying Souq.com after all. <\/strong>Seattle-based Amazon has reportedly restarted talks to acquire Dubai-based regional e-commerce platform Souq.com for a reported USD 650 mn, Bloomberg<\/a> reports. Amazon and India\u2019s Flipkart had walked away from talks to acquire the company January<\/a> after disagreeing over price, after which it was reported that Souq.com began negotiations with Majid Al Futtaim<\/a>, among other potential investors. Bloomberg\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s Flipkart had walked away from talks to acquire the company January after disagreeing over price, after which it […]<\/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-649875","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9c61c8af-ea56-47b8-888f-124ab01a871c","order":"0","is_powered_by":true,"section_story_id":"3ea0766c-19ef-45c7-9ef8-cd8202f19009","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649861],"teaser":"","voice_url":""},"yoast_head":"\nAmazon reportedly re-starts negotiations to acquire Souq.com - 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\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon reportedly re-starts negotiations to acquire Souq.com\" \/>\n<meta property=\"og:description\" content=\"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\u2019s Flipkart had walked away from talks to acquire the company January after disagreeing over price, after which it […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-12T04:13:43+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Amazon reportedly re-starts negotiations to acquire Souq.com\",\"datePublished\":\"2017-03-12T04:13:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/\"},\"wordCount\":141,\"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\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/\",\"name\":\"Amazon reportedly re-starts negotiations to acquire Souq.com - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-03-12T04:13:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Amazon reportedly re-starts negotiations to acquire Souq.com\"}]},{\"@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":"Amazon reportedly re-starts negotiations to acquire Souq.com - 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\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/","og_locale":"en_US","og_type":"article","og_title":"Amazon reportedly re-starts negotiations to acquire Souq.com","og_description":"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\u2019s Flipkart had walked away from talks to acquire the company January after disagreeing over price, after which it […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-03-12T04:13:43+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Amazon reportedly re-starts negotiations to acquire Souq.com","datePublished":"2017-03-12T04:13:43+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/"},"wordCount":141,"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\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/","name":"Amazon reportedly re-starts negotiations to acquire Souq.com - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-03-12T04:13:43+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Amazon reportedly re-starts negotiations to acquire Souq.com"}]},{"@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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":652832,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/amazon-said-to-have-walked-away-from-souq-com-acquisition\/","url_meta":{"origin":649875,"position":0},"title":"Amazon said to have walked away from Souq.com acquisition","author":"enterpriseam admin","date":"19 January 2017","format":false,"excerpt":"Not a unicorn after all? Amazon and India\u2019s 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\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652941,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/23\/souq-com-is-a-great-company-majid-al-futtaim-ceo\/","url_meta":{"origin":649875,"position":1},"title":"Souq.com is a great company -Majid Al Futtaim CEO","author":"enterpriseam admin","date":"23 January 2017","format":false,"excerpt":"\u201cWe never comment on speculation, but I believe Souq is a great company. I\u2019ve got a lot of respect for what they\u2019ve done,\u201d said Majid Al Futtaim CEO Alain Bejjani at the WEF in Davos, The National reported. While Bejjani declined to comment specifically on a potential acquisition of Souq.com,\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650426,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/","url_meta":{"origin":649875,"position":2},"title":"Amazon could be acquiring Souq.com","author":"enterpriseam admin","date":"23 March 2017","format":false,"excerpt":"Amazon acquiring Souq after all? Amazon\u2019s 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\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/amazon-eg-is-officially-a-thing-now\/","url_meta":{"origin":649875,"position":3},"title":"Amazon.eg is officially a thing now","author":"enterpriseam admin","date":"2 September 2021","format":false,"excerpt":"Amazon.eg today replaced Souq.com as Amazon\u2019s selling platform in Egypt, according to a statement (pdf) from the e-commerce giant.So long, Souq: The rebrand means that Amazon has now retired the Souq.com brand everywhere. After acquiring the Dubai-based e-commerce platform in 2017, Amazon replaced the site with Amazon.ae in the UAE\u2026","rel":"","context":"In "E-commerce"","block_context":{"text":"E-commerce","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/e-commerce\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/29.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644809,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/amazon-has-completed-its-acquisition-of-souq-com\/","url_meta":{"origin":649875,"position":4},"title":"Amazon has completed its acquisition of Souq.com","author":"enterpriseam admin","date":"4 July 2017","format":false,"excerpt":"Amazon has completed its acquisition of Souq.com, the Dubai-based online retailer said on Monday. The company said that the firms now would work on the \"next phase of the integration to bring more products and offerings to the region's customers even faster.\" Users can now also log into their website\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649942,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/is-amazon-looking-to-do-business-with-egypt\/","url_meta":{"origin":649875,"position":5},"title":"Is Amazon looking to do business with Egypt?","author":"enterpriseam admin","date":"13 March 2017","format":false,"excerpt":"Is Amazon looking to open an export logistics center in Egypt? A number of Egyptian companies are in talks with e-commerce behemoth Amazon to become part of an Egypt logistics center that could connect Egypt to Amazon\u2019s global network. Mintra Paper Industries CEO Hany Casis tells Al Borsa that Amazon\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=649875"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649875\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649861"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649875"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649875"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}