Dubai-based online retailer, Souq.com, says its sale to retail giant Amazon is now complete.

Earlier this year, Amazon jump-started its business in the Middle East by paying $580 million to acquire Souq.com, an Amazon-style marketplace based out of Dubai. Today, Amazon and Souq are making ...

Amazon and Souq.com announced earlier on Tuesday they had agreed to the takeover deal. Souq.com's current shareholders include South Africa's Naspers Ltd and Tiger Global Management. The value and ...

The acquisition of Souq.com, a Dubai-based online retailer that is the dominant one in the Middle East, comes one month after Souq announced plans to open a global bookstore.

Amazon purchased the Middle East's biggest online retailer Souq.com on Tuesday for an undisclosed amount, a day after a state-backed firm disclosed an $800 million counteroffer. A joint statement ...

Amazon.com Inc. CEO Jeff Bezos' stealthy bid to buy Dubai e-commerce company Souq.com won't go unchallenged.

Souq.com, an 11-year-old e-commerce marketplace based in the Middle East, is considering a $1 billion buyout offer from Amazon.com, reports Bloomberg ...

DUBAI (Reuters) - Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said.

Amazon is acquiring Dubai-based Souq.com, placing one of its biggest global bets in recent years on the small but rapidly-expanding Middle Eastern online shopping market.

Souq.com Co-Founder and Chief Executive Ronaldo Mouchawar expects to utilize the common values of the two companies to expand the business in the region, which according to him has still not been ...

Souq has been offering groceries to its customers since October 2016 and also invested into a startup that is focused on groceries. Is Noon.com making any kind of an impact on Souq.com?