Amazon Crosses CCI Hurdle in Cloudtail’s Parent Acquisition

The Competition Commission of India (“CCI”) has approved Amazon’s proposal to acquire Prione Business Services Private Limited (“PRIONE”), which houses Cloudtail, one of the largest online marketplaces in India., Inc. is the parent entity to Amazon Asia-Pacific Resources Private Limited, which acquires 76 % equity shares of PRIONE, a previous joint venture between Amazon and Catamaran Ventures – now controlled by Hober Mallow Trust (Hober Mallow).