Pace of Gulf tech deals heats up as Emaar buys Namshi stake – Reuters


Reuters

Pace of Gulf tech deals heats up as Emaar buys Namshi stake
Reuters
DUBAI/BERLIN Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Global Fashion Group, a firm backed by Rocket Internet, for $151 million, a sign of growing demand for tech deals in the Middle East. The acquisition comes …

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