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#souq

Speculations about a potential sale of Souq.com to Amazon.com Inc, the US e-commerce firm, has been confirmed and the deal has now been agreed. Sources have not disclose the price of the deal, however it is estimated to be valued at $US one billion, in its last funding round, and it has been raised to $US 275 million from investors. Souq is one of the best-known names in the Middle East's online shopping market and one of the most recognised…