About This Deal

Amazon.com acquired Souq.com for approximately $580 million, a transaction announced in March 2017, structured as all cash.

Souq.com operates in International Online Stores, is based in Dubai, United Arab Emirates. Amazon acquired Souq.com, the largest e-commerce marketplace in the Middle East, extending Amazon's retail reach across the Gulf region. Souq was later rebranded as Amazon.ae in the UAE. The acquisition gave Amazon an established logistics network and customer base in a high-growth region.

Establish a strong retail and logistics presence in the Middle East via the region's leading e-commerce platform.

Deal Terms

Acquirer
Amazon.com
Target
Souq.com
Value
Approximately $580 million
Date
March 2017
Type
Acquisition
Status
Official-source - no dedicated 8-K; value disclosed in Amazon 10-Q

Transaction Details

Target HQ
Dubai, United Arab Emirates
Segment
International Online Stores
Structure
All cash
Announced
March 28, 2017

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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