Amazon.com $AMZN Acquires Middle East Online Retailer Souq.com

Amazon Bets on Middle East With Souq.com Acquisition

March 28, 2017: Amazon.com Inc., has agreed to buy Dubai-based online retailer Souq.com, betting that e-commerce in the Middle East is poised to take off. Bloomberg's Selina Wang reports on "Bloomberg Technology."

See also: The Retail Death Spiral Continues | SeekingAlpha.com"Today, I do almost all of my shopping at Amazon (AMZN). It saves me immense amounts of time, while expanding my choices exponentially. And I don't have to fight traffic, engage in the parking space wars, or wait in line to pay."

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