London: Amazon.com Inc. is weighing a bid for a stake in Dubai-based online retailer souq.com FZ as the e-commerce giant seeks to expand in the Middle East, according to people with knowledge of the matter. Spokesmen for souq.com and Amazon didn’t immediately respond to requests for comment. Souq.com appointed Goldman Sachs Group Inc. to find buyers for a stake sale, people familiar with the matter said in September. A representative for Tiger Global declined to comment. The company secured $275 million from investors after Tiger Global and Naspers, among others, boosted their investments in February.

Source: Mint November 03, 2016 06:25 UTC