Announced
Completed
Financials
Sources
Tags
Payments / Commerce
India
Completed
Acquisition
payment products
Single Bidder
Cross Border
Minority
Private
Friendly
Synopsis
Amazon completed the acquisition of a 49% stake in Future Coupons, a payment products and solutions company, from Future Group, an Indian conglomerate, for $200m. On December 16, 2021, India's antitrust agency suspended the deal, citing Amazon suppressed information when buying stake. It also imposed a $27m penalty. On January 5, 2022, Indian court halts Amazon and Future arbitration in blow to US giant.
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