Tag Archives: Souq

Here’s a Concrete Hint at What Kind of Companies Amazon Will Keep Acquiring

Amazon‘s Souq, itself a recent acquisition, is buying Wing.ae, a delivery startup the marketplace already had been working with actively. Techcrunch: Souq has acquired Wing.ae, a startup that is building out a network for Prime-style same-day and next-day deliveries for various e-commerce marketplaces (including Souq.com). […] Souq previously made an undisclosed, strategic investment in Wing.ae […]

Now Belonging to Amazon, Souq Starts Integrating With the Giant

Amazon has completed its acquisition of the Middle Eastern marketplace Souq. TechCrunch: The two companies said today that they have completed an initial integration that allows customers to log into Souq.com using their Amazon account credentials. Next up, they plan to integrate products and services between the two sites to leverage their respective scale. In […]

It’s Official: Amazon Acquires SOUQ.com

From the press release: “Amazon and SOUQ.com share the same DNA – we’re both driven by customers, invention, and long-term thinking,” said Russ Grandinetti, Amazon Senior Vice President, International Consumer. “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 […]

Amazon to Acquire Middle Eastern Online Retailer Souq After All

Amazon is about to buy Souq.com. Not much to say about this other than that it is classic international expansion. Reuters: Amazon.com Inc has agreed in principle to buy Dubai-based internet retailer Souq.com, one of the best-known names in the Middle East’s online shopping market, sources familiar with the deal said on Wednesday. Souq.com, which […]