Amazon
is considering a bid for the entire Souq.com site, according to
Bloomberg, but Souq.com had initially planned to sell just a stake of
the company. No final agreements have been made, and negotiations could
still fall through, the report said.
Neither Amazon nor Souq.com immediately responded to requests for comment or confirmation.
Amazon has been targeting growing international markets. It recently expanded its Prime subscription service to China and India.
Souq.com
calls itself the largest online retail and marketplace platform in the
Arab world, featuring more than 1.5 million products across 31
categories.
Friday, 25 November 2016
Amazon could be eyeing Arab counterpart Souq.com
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