The recent UDRP against KingSouq.com now makes sense, as the Complainant, Souq.com, has received a sizable acquisition offer.
Dubai’s Emaar Malls, operators of luxurious Middle East shopping centers, made an $800 million dollar offer to acquire Souq.com and its online retail business.
The offer appears to be a strategic move against Amazon.com.
The massive bid has not been accepted by the Souq.com shareholders so far; the online business is listed on the Dubai stock exchange.
The offer made by Amazon was $580 million dollars.
Now we know why Souq.com is so protective of its brand; last year, it filed a UDRP against TheSouq.com (won) and KingSouq.com (lost.)
Copyright © 2017 DomainGang.com · All Rights Reserved.