Amazon, Flipkart said to walk away from $1b Souq.com takeover talks

Amazon, Flipkart said to walk away from $1b Souq.com takeover talks

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar

Amazon.com Inc. and India’s Flipkart Online Services Pvt have walked away from talks to acquire Dubai-based Souq.com after disagreeing over price, according to two people with knowledge of the matter.

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