Souq.com shareholders have accepted a takeover bid from Amazon worth USD650mn-750mn, Reuters reported, citing one unidentified person familiar with matter. The transaction will conclude a nine-month sales process for Souq after private equity backers Tiger Global Management and South Africa’s Naspers sought an exit. Souq, which was co-founded in 2005 by Syrian entrepreneur Ronaldo Mouchawar, is one of the regions most recognized online brands. Souq delivers to the six Gulf Arab states and Egypt, was launched as an online auction site before shifting to a marketplace model similar to Amazon in 2011.