Amazon takes Arab Souq.com finally over

The US internet dealer Amazon takes his Arab competitor Souq.com finally over.

That was published Tuesday without a purchase price was reported. According to insiders is with the purchase at a cost of 650 million dollars.

The Souq.com is the largest online marketplace in Dubai based of the Arab world, with more than 45 million visitors monthly. The products are offered via Souq.com range from electronics, clothing and household items to beauty products. The acquisition should be completed this year.

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