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Amazon set to fully acquire UAE's Souq.com at $1 bn valuation
Online shopping giant Amazon, after initial hesitation, has finally agreed to carry out a complete acquisition of UAE-based ecommerce site Souq.com. Reportedly, 78 per cent of all online shopping in the Middle East and North Africa is on Souq's ecommerce site. Souq was valued at $1 billion, after raising $275…
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