Amazon Wins Order to Stall $3.4 Billion Reliance-Future Deal

(Bloomberg) — Amazon.com Inc. secured relief in its dispute with Future Group after a court put a temporary hold on Future’s $3.4 billion sale deal with Indian billionaire Mukesh Ambani’s Reliance Industries Ltd.An arbitration court in Singapore restrained Future Retail Ltd. and its founders from going ahead with the sale of assets, according to people with knowledge of the matter, who asked not to be identified as the proceedings were private. The ruling was on Amazon’s request for an interim order before main tribunal hearings start.In an emailed statement late Sunday in Mumbai, Amazon said it got all the relief …read more

Source:: Yahoo Finance

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