Gulf Business

A bad one for...

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Souq.com: Tech giant Amazon reportedly walked away from talks to acquire Dubaibased online retailer Souq. com. Bloomberg claimed a disagreeme­nt over the price led to Amazon and India’s Flipkart backing out of talks to buy the site. Souq is now seeking other potential investors, with mall operator Majid Al Futtaim said to be in the frame.

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