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Amazon to Acquire SOUQ.com

Amazon to Acquire SOUQ.com Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East.

SOUQ was founded in 2005. Naspers’ first investment in the company was in 2012.

Subject to closing conditions, the acquisition is expected to close in 2017.

For more information please see the announcement on SOUQ.com.

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