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Souq.com to comment on Amazon bid

Mar. 28, 2017 4:00 AM ETSouq.com (SOUQ) StockAMZN, SOUQBy: Yoel Minkoff, SA News Editor7 Comments
  • Souq.com (SOUQ) will make an announcement today about Amazon's (NASDAQ:AMZN) proposal to buy 100% of the company.
  • A source told Reuters the Middle Eastern online retailer had accepted the bid.
  • It comes a day after Dubai's Emaar Malls made an $800M offer for Souq.com (reports suggest it was higher than what Amazon had offered).

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