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Amazon abandons USD 1 bln Souq.com takeover talks - report

Thursday 19 January 2017 | 09:07 CET | News
US online retail giant Amazon.com and India's Flipkart Online Services have walked away from talks to acquire UAE-based online marketplace Souq.com after disagreeing over the price, Bloomberg reports, citing two people with knowledge of the matter. According to the sources, who declined to be named, the e-commerce business is now seeking other potential investors and is negotiating with mall operator Majid Al Futtaim.

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Categories: Internet
Companies: Amazon / Naspers
Countries: World
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