please contact sales@tanchin.hk for any inquiry
After finalizing the acquisition of a 100% stake in Middle East Internet retailer Souq.com, Souq.com will expand its workforce and business.

Amazon and Souq.com said on Tuesday that the two sides have agreed on the acquisition, despite the Dubai Regal Mohamed Alabbar under the command of Emaar Malls EMAA.DU at the last time to bid for $ 800 million.

The company executives did not disclose the value of this Amazon acquisition, as a financial adviser of Goldman Sachs will be called "the Arab countries the largest ever technology industry mergers and acquisitions."

Informed sources say Amazon's bid is lower than Emaar, which is also lower than Souq.com's valuation of $ 1 billion last year when it was financed.

One source said that if Souq.com accepted Emaar's offer at this stage, it would violate an exclusive agreement with Amazon.

Souq.com co-founder and CEO Ronaldo Mouchawar told Reuters that working with Amazon to expand the business and expand the size of the current staff of more than 3,000 people to expand their business, but did not specify how much to increase.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

F682X F692X F602 F694Z F695Z F696Z F697Z F698Z F699Z F604Z F605Z F606Z F607Z F608Z F624Z 6032DU 6030V 625VV 6032DDU 626DD