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Amazon eyes stake in Mideast's Souq.com - report

Wednesday 2 November 2016 | 17:09 CET | News
Amazon.com is considering a bid for a stake in Dubai-based online retailer Souq.com, people with knowledge of the matter told Bloomberg. Souq.com is looking to sell at least a 30 percent stake and has drawn interest also from private equity firms and regional, family-owned companies. The sale could value the company at at least USD 1.2 billion, the report said.

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Categories: Internet
Companies: Amazon / Naspers
Countries: Middle East
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