Amazon Said to Resume $650 Million Takeover Talks for Souq.com

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Amazon.com Inc. restarted talks to acquire Dubai-based Souq.com for as much as $650 million after walking away from the deal earlier this year, people familiar with the matter said.

The U.S. e-commerce giant resumed negotiations with the online retailer in recent weeks after they stalled in January when the two companies couldn’t agree on a price, the people said, asking not to be identified as the information is private.