Wednesday, December 13, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Toshiba and Western Digital Reach Settlement, Agree to Strengthen Flash Memory Collaboration
Twitter Makes It Easier For Users to Create Threads
Tsinghua to Invest in China-based Lite-On Storage Plant
Facebook to Book Advertising Revenue Locally Following Pressure
New Radeon Software Adrenalin Edition Provides Amped-Up Connected Gaming
Nintendo Says Switch Sells 10 Million Worldwide
Toshiba Unveils Embedded NAND Flash Memory Products for Automotive Applications
FCC to Hand Over Internet Oversight to FTC
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
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
Amazon Tops Sales Estimate
Amazon Introduces Cloud Cam Security Camera, Amazon Key Delivery Program
New Amazon Kindle Oasis is Waterproof, Features a 7-inch, 300 ppi Display
Amazon Is Testing Delivery Service: report
European Commission Finds Luxembourg Gave €250 Million Illegal tax Benefits to Amazon, Takes Ireland to Court
Amazon Unveils 4K Amazon TV, Echo Spot, New Echo and Echo Plus
Amazon to Bring Alexa to New 'Smart Glasses' Wearable Device: report
New Amazon Fire HD 10: 1080p Full HD Display, Faster Performance, for $150

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .