Amazon Buys SOUQ.com
March 28, 2017
has reached an agreement to acquire SOUQ.com, an e-commerce leader in
the Middle East. Joining the Amazon family will enable SOUQ.com to
continue growing while working with Amazon to bring even more products
and offerings to customers worldwide.
"Amazon and SOUQ.com share the same DNA – we’re both driven by
customers, invention, and long-term thinking,” said Russ Grandinetti,
Amazon Senior Vice President, International Consumer. "SOUQ.com
pioneered e-commerce in the Middle East, creating a great shopping
experience for their customers. We're looking forward to both learning
from and supporting them with Amazon technology and global resources.
And together, we’ll work hard to provide the best possible service for
millions of customers in the Middle East."
are guided by many of the same principles as Amazon, and this
acquisition is a critical next step in growing our e-commerce presence
on behalf of customers across the region," said SOUQ.com CEO and
Co-Founder Ronaldo Mouchawar. "By becoming part of the Amazon family,
we'll be able to vastly expand our delivery capabilities and customer
selection much faster, as well as continue Amazon's great track record
of empowering sellers."
Subject to closing conditions, the acquisition is expected to close in