Amazon Deal to Acquire Is Back On

Rumors of Amazon, the American e-commerce and cloud computing company, acquiring Dubai’s surfaced back in November 2016, but in January 2017, it was sadly announced that they’re walking away from the bidding.


via AIM Group has been valued at $1 billion, where Amazon was in the lead of the negotiations, but reportedly walked off because of disagreements over the price. Earlier this month, Bloomberg reported that the deal is back and Amazon is offering $650 million for the bidding.


via CXM World


The National has also reported that the full acquisition of by Amazon has now been agreed, but both Amazon and Souq hasn’t commented on the acquisition.



WE SAID THIS: The news of the finalization of the deal hasn’t been officially announced. We’ll be updating you with the latest.


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