Friday, February 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
First Affordable Android Go Smartphones Coming Next Week
Samsung Breaks Ground on New EUV Line in Hwaseong
Samsung Max Android Application Offering Mobile Data Saving Mode and Privacy
Introducing the CORSAIR Obsidian Series 500D
EASA Publishes Guidelines for Safe Drone Operations
Apple to Upgrade the AirPods Headphones
SK Telecom to Unveil 'HoloBox' Hologram AI Technology at Mobile World Congress 2018
Worldwide Sales of Smartphones Declined in 4Q, Samsung Retains First Spot
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Amazon ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, March 28, 2017
Amazon Strengthens Middle East e-Commerce Presence With Acquisition Of SOUQ.com


Amazon has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable SOUQ.com to continue growing while working with Amazon.



"SOUQ.com pioneered e-commerce in the Middle East, creating a great shopping experience for their customers. We're looking forward to both learning from and supporting them with Amazon technology and global resources. And together, we'll work hard to provide the best possible service for millions of customers in the Middle East," said Russ Grandinetti, Amazon Senior Vice President, International Consumer.

The value and terms of the deal were not disclosed. The acquisition is expected to close in 2017, according to a joint statement on Tuesday.

Dubai billionaire Mohamed Alabbar's Emaar Malls EMAA.DU, the Dubai government-linked developer of the world's tallest building, had also made a bid for SOUQ.com. It is not clear who made the best offer, although Amazon.com was the winner.



Previous
Next
China's Top Chipmaker Tsinghua Unigroup Secures $22 Billion Investments        All News        LG Sues BLU Products Over LTE Patents
China's Top Chipmaker Tsinghua Unigroup Secures $22 Billion Investments     General Computing News      HTC Says New Companies Join The Vive X Accelerator Program

Get RSS feed Easy Print E-Mail this Message

Related News
Amazon to Enter the Delivery Market With New Shipping Service
Amazon Begins Grocery Delivery to Prime Members
Amazon Reports Rising Sales and Big Profit
Amazon Store Let's You Walk Away Without Checking out
Amazon Raises Fee for Prime Service
Amazon Eyes the Advertising Business: report
Amazon, Google Cut Smart Speaker Prices as Apple's HomePod is on the Way
Amazon Faces Probe from France Government: report
Google Removes YouTube From Amazon Devices
Amazon Says Alexa is Ready for Business
TVs, Tablets and More - Amazon's Black Friday Deals Sneak Peek
Amazon to Produce 'Lord of the Rings" TV Series

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .