Dubai’s Emaar Malls Rivals Amazon With $800m Souq.com Bid
Dubai’s Emaar Malls has offered $800 million to buy Souq.com, the Middle East’s largest online retailer, it said Monday, challenging a reported offer by global giant Amazon. “Emaar Malls has submitted a bid of $800 million (736 million euros) for Souq.com in line with the strategy to align e-commerce with physical shopping,” Emaar Malls said … Read more