{"id":650489,"date":"2017-03-26T03:56:06","date_gmt":"2017-03-26T03:56:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/"},"modified":"2017-03-26T03:56:06","modified_gmt":"2017-03-26T03:56:06","slug":"emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/","title":{"rendered":"Emaar Malls makes USD 800 mn bid for Souq, challenging Amazon"},"content":{"rendered":"

<\/a> Emaar Malls has made a USD 800 mn bid to acquire Souq,<\/strong> challenging Amazon\u2019s USD 650 mn offer to the regional online retailer, Bloomberg<\/a> reports, citing sources close to the transaction. The regional malls giant\u2019s offer includes a USD 500 mn convertible deposit, according to the sources, and no final offer has been reached with either party. A source from Souq had said last week<\/a> that Amazon and Souq were in negotiations on valuation, future plans for the company, and its trade name, and that the two companies would finalize the transaction this week.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. The regional malls giant\u2019s offer includes a USD 500 mn convertible deposit, according to the sources, and no final offer has been reached with […]<\/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-650489","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f7de6a57-05e8-4d21-b74c-89a6d8a099bf","order":"0","is_powered_by":true,"section_story_id":"cca511ba-e9b6-4907-a277-50a18b745c69","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650468],"teaser":"","voice_url":""},"yoast_head":"\nEmaar Malls makes USD 800 mn bid for Souq, challenging Amazon - 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\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emaar Malls makes USD 800 mn bid for Souq, challenging Amazon\" \/>\n<meta property=\"og:description\" content=\"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. The regional malls giant\u2019s offer includes a USD 500 mn convertible deposit, according to the sources, and no final offer has been reached with […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-26T03:56:06+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\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Emaar Malls makes USD 800 mn bid for Souq, challenging Amazon\",\"datePublished\":\"2017-03-26T03:56:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/\"},\"wordCount\":103,\"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\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emaar-malls-makes-usd-800-mn-bid-for-souq-challenging-amazon\/\",\"name\":\"Emaar Malls makes USD 800 mn bid for Souq, challenging Amazon - 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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":650665,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/amazon-acquires-souq-com\/","url_meta":{"origin":650489,"position":1},"title":"Amazon acquires souq.com","author":"enterpriseam admin","date":"29 March 2017","format":false,"excerpt":"Amazon announced yesterday it has reached an agreement to acquire regional e-commerce platform Souq, fending off last-minute rival bid. Subject to closing conditions, the transaction should be executed this year. Goldman Sachs advised on the transaction and although values and terms were not disclosed, a source described it as \u201cthe\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":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":650489,"position":2},"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":566874,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/bye-bye-souq-hello-amazon-eg\/","url_meta":{"origin":650489,"position":3},"title":"Bye bye Souq, hello Amazon.eg","author":"enterpriseam admin","date":"26 July 2021","format":false,"excerpt":"Amazon will be launching Amazon.eg later this year, ultimately replacing Souq as its Egypt selling platform, the company announced in a press release (pdf). The move will give \u201clocal businesses the opportunity to reach more customers across the country,\u201d according to the statement. 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":649875,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/amazon-reportedly-re-starts-negotiations-to-acquire-souq-com\/","url_meta":{"origin":650489,"position":4},"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":650426,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amazon-could-be-acquiring-souq-com\/","url_meta":{"origin":650489,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650489","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=650489"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650489\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/650468"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=650489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=650489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=650489"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=650489"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=650489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}