Amazon - Amazon confirmed it would be acquiring Souq.com
Time: Tuesday Mar 28, 2017
Place: Dubai, U.A.E.
Details: Souq.com is the largest E-Commerce platform in the Middle East based in Dubai, United Arab Emirates. On March 28, 2017, Amazon confirmed it would be acquiring Souq.com for $580 million. Souq.com is now a subsidiary of Amazon, and acts as Amazon's arm into the Middle East region.
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