Souq.Com and Amazon issued a joint statement today in Dubai announcing the sale, saying it represents Amazon's entry into the Middle East.
The statement says the acquisition is expected to close in 2017, without elaborating. A filing yesterday by Emaar Malls PJSC on the Dubai Financial Market showed the mall operator offered USD 800 million for the site.
Seattle-based Amazon.Com Inc. Confirmed the sale in a separate statement, without elaborating on terms. Emaar Mall's bid for the site comes after Emaar chairman Mohamed Alabbar reportedly met in November with Amazon CEO Jeff Bezos in Dubai Mall.
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