E-commerce major Amazon on Wednesday said it will acquire Prione Business Services — its joint venture firm with Catamaran, subject to requisite regulatory approvals. Prione Business Services was formed in 2014 and was coming up for renewal on May 19, 2022. In August this year, Amazon and NR Narayana Murthy’s Catamaran announced that they will not continue their JV beyond May 2022. The two parties had not disclosed the reason behind the decision. Cloudtail — a wholly-owned subsidiary of Prione Business Services — is one of the biggest sellers on Amazon.in.
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