 "Amazon")
Amazon may face regulatory challenges in the acquisition of Prione Business Services Pvt. Ltd., the joint venture between Infosys co-founder N R Narayana Murthy’s Catamaran Ventures and the US-based e-commerce giant, according to legal experts.
Prione Business Services, which owns Cloudtail, one of the biggest retailers on Amazon’s platform, will be acquired by Amazon, subject to the requisite regulatory approvals, the company said in a statement on Wednesday.
On August 09, 2021, the partners had announced their decision to not continue the JV beyond the end of its current term in May 2022.
The businesses of the JV shall continue under the leadership
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