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March 28, 2017

Amazon has competition for Souq.com: Dubai mall

By JON GAMBRELL
Associated Press

DUBAI, United Arab Emirates — The operator of Dubai's largest mall said Monday it made an $880-million offer to purchase the Middle East's biggest online retailer Souq.com, adding new corporate intrigue to the website's rumored sale to Amazon.

Emaar Mall's bid for the site comes after Emaar chairman Mohamed Alabbar reportedly met in November with Amazon CEO Jeff Bezos at the state-backed firm's cavernous Dubai Mall, home to a massive aquarium and in the shadow of the Burj Khalifa, the world's tallest building it built.


 
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