{"id":650426,"date":"2017-03-23T04:12:44","date_gmt":"2017-03-23T04:12:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/"},"modified":"2017-03-23T04:12:44","modified_gmt":"2017-03-23T04:12:44","slug":"amazon-could-be-acquiring-souq-com","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/","title":{"rendered":"Amazon could be acquiring Souq.com"},"content":{"rendered":"

<\/a> Amazon acquiring Souq after all? <\/strong>Amazon\u2019s interest in making an investment in regional online retailer Souq.com is reportedly back on, The National<\/a> 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<\/a>. Initial reports that Amazon\u2019s interest in Souq.com was reignited emerged two weeks ago<\/a>. \u201cIt is understood that a full acquisition of Souq.com by Amazon has now been agreed,\u201d Andrew Scott writes in The National.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 Souq tells Al Mal. Initial […]<\/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-650426","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e842541d-46c4-4d83-b08d-98a135c5534f","order":"0","is_powered_by":true,"section_story_id":"12f1b14c-7bd6-4aea-9efe-cf2b704bfc07","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650409],"teaser":"","voice_url":""},"yoast_head":"\nAmazon could be acquiring 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\/23\/amazon-could-be-acquiring-souq-com\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon could be acquiring Souq.com\" \/>\n<meta property=\"og:description\" content=\"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 Souq tells Al Mal. Initial […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-23T04:12:44+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\/03\/23\/amazon-could-be-acquiring-souq-com\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Amazon could be acquiring Souq.com\",\"datePublished\":\"2017-03-23T04:12:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/\"},\"wordCount\":99,\"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\/23\/amazon-could-be-acquiring-souq-com\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/\",\"name\":\"Amazon could be acquiring Souq.com - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-03-23T04:12:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Amazon could be acquiring 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 could be acquiring 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\/23\/amazon-could-be-acquiring-souq-com\/","og_locale":"en_US","og_type":"article","og_title":"Amazon could be acquiring Souq.com","og_description":"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 Souq tells Al Mal. Initial […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-03-23T04:12:44+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Amazon could be acquiring Souq.com","datePublished":"2017-03-23T04:12:44+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/"},"wordCount":99,"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\/23\/amazon-could-be-acquiring-souq-com\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/","name":"Amazon could be acquiring Souq.com - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-03-23T04:12:44+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Amazon could be acquiring 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":557003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/amazon-eg-is-officially-a-thing-now\/","url_meta":{"origin":650426,"position":0},"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":649875,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/","url_meta":{"origin":650426,"position":1},"title":"Amazon reportedly re-starts negotiations to acquire Souq.com","author":"enterpriseam admin","date":"12 March 2017","format":false,"excerpt":"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\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":652832,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/19\/amazon-said-to-have-walked-away-from-souq-com-acquisition\/","url_meta":{"origin":650426,"position":2},"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":644809,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/amazon-has-completed-its-acquisition-of-souq-com\/","url_meta":{"origin":650426,"position":3},"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":640913,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/souq-acquires-wing-ae\/","url_meta":{"origin":650426,"position":4},"title":"Souq acquires Wing.ae","author":"enterpriseam admin","date":"7 September 2017","format":false,"excerpt":"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\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":650426,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650426","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=650426"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650426\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/650409"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=650426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=650426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=650426"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=650426"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=650426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}