Apple, Amazon in Licensing Talks With Saudi Arabia -Reuters
December 28 2017 - 6:13AM
Dow Jones News
--Apple Inc. (AAPL) and Amazon.com Inc. (AMZN) are in licensing
discussions regarding investing in Saudi Arabia, according to
Reuters, citing unnamed sources.
--A licensing agreement for Apple stores with SAGIA, Saudi
Arabia's foreign investment authority, is expected by February,
Reuters says, with a 2019 target for the first retail store.
--Amazon's talks, which are at an earlier stage than those of
Apple, are being led by Amazon Web Services, the company's
cloud-computing division, and as of yet, there is no specific date
set for Amazon's investment plans, Reuters says.
--While at present neither company has a direct presence in
Saudi Arabia, both Amazon and Apple sell products in the country
through third parties, according to Reuters.
Full story: http://reut.rs/2Cj1pKY
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
December 28, 2017 05:58 ET (10:58 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Amazon.com (NASDAQ:AMZN)
Historical Stock Chart
From Apr 2024 to May 2024
Amazon.com (NASDAQ:AMZN)
Historical Stock Chart
From May 2023 to May 2024