DUBAI : Middle Eastern online retailer Souq.com will make an announcement later on Tuesday about Amazon.com Inc’s bid to buy 100 percent of the company from its shareholders, two sources familiar with the matter told Reuters.
One of the sources, declining to be identified ahead of the announcement, said the statement would say that Souq.com’s shareholders had accepted the bid.
Souq.com declined to comment. Amazon officials could not immediately be reached for comment.
Dubai’s Emaar Malls, operator of some of the region’s most glitzy shopping malls, said on Monday it had made an $800 million offer for Souq.com. Sources said that bid was higher than Amazon’s offer.
Reuters reported last week that Amazon had agreed in principle to buy Souq.com, which was founded 12 years ago by Syrian-born entrepreneur Ronaldo Mouchawar.
Souq.com has raised $425 million since its founding in 2005, according to CrunchBase. It was reported to be valued at $1 billion at the time of its latest funding round last year, but sources said at the time the deal was worth less than that.
Amazon bid $580 million for Souq.com, a source familiar with the matter told Reuters on Monday. The Financial Times reported Amazon would pay between $650 and $750 million, quoting two sources familiar with the matter.
Emaar Malls’ bid had so far not been accepted by Souq.com shareholders, the Dubai-listed firm said on Monday.
Souq.com would have to break an exclusivity agreement with Amazon if it is to accept the Emaar Malls offer at this stage, a source said.
Dubai’s Souq.com to make announcement on Amazon.com bid — sources
Dubai’s Souq.com to make announcement on Amazon.com bid — sources
Government says Imran Khan’s ‘detailed’ medical report shared, family disputes claim
- Khan underwent an eye procedure last month, PTI says family was not informed
- Ex-PM’s sister says only brief notes provided despite Supreme Court assurance
ISLAMABAD: Pakistan’s government said on Friday a “detailed” medical report of jailed former prime minister Imran Khan had been shared with his family following directions from the prime minister’s office, even as Khan’s relatives disputed the claim and accused jail authorities of withholding information.
Concerns over Khan’s health were raised by his family and the Pakistan Tehreek-e-Insaf (PTI) party last month after the government confirmed he was taken from prison to the Pakistan Institute of Medical Sciences (PIMS) for a brief eye procedure. Authorities said at the time that Khan’s condition was stable and the treatment routine, while PTI leaders said they were not informed in advance and questioned the lack of transparent medical disclosure.
Information Minister Attaullah Tarar said the report was prepared by PIMS and had been forwarded to the prison authorities and handed over to Khan’s family.
“A letter was written by the Leader of the Opposition to the Prime Minister and PTI Leaders also approached the Supreme Court of Pakistan regarding medical check up of Mr. Imran Ahmad [Khan] Niazi who is serving his sentences in Central Jail Rawalpindi (Adiala),” he said in a social media post on X.
“On directions from Prime Minister’s Office, a detailed report has been sent by Executive Director PIMS Hospital to the Superintendent of Central Jail Rawalpindi (Adiala) which has been handed over to the family,” he added.
https://x.com/TararAttaullah/status/2019749131049381901?s=20
However, the former prime minister’s sister Aleema Khan said they had not received complete medical reports, despite assurances given by the country’s top judge.
“The Chief Justice of the Supreme Court committed last Friday that Imran Khan’s medical reports would be provided to his family,” she said on X. “Today, when the jail superintendent appeared before the ATC [Anti-Terrorism Court], only two brief notes were submitted.”
https://x.com/Aleema_KhanPK/status/2019738410873741643?s=20
She said the government’s conduct reflected a disregard for the court’s order, urging the Chief Justice of Pakistan to issue a contempt notice to the jail authorities and ensure that Khan’s medical reports were handed over to his family without further delay.
The dispute has renewed tensions surrounding Khan’s incarceration, which has become a flashpoint in Pakistan’s deeply polarized politics.
Khan, who served as prime minister from 2018 to 2022, has been in prison since August 2023 following multiple convictions that he and his party say are politically motivated, a charge the government denies.
