Amazon completes its acquisition of Middle Eastern e-commerce firm Souq

Amazon has completed its acquisition of e-commerce firm Souq.com, which was first announced at the end of March and sees the U.S. retail giant enter the Middle Eastern market. The deal is officially undisclosed, but sources previously told TechCrunch that Amazon is paying around $650 million. Bloomberg previously reported that Amazon was in discussions over an investment at a valuation in… Read More