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Uber buys Middle Eastern rival Careem for $4.3 billion

The Age Tuesday, 26 March 2019
Uber chief executive Dara Khosrowshahi has cut the largest deal of his tenure, buying Middle Eastern ride-hailing competitor Careem for $US3.1 billion ($4.35 billion).
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News video: Uber buys Middle East rival Careem for $3.1bln

Uber buys Middle East rival Careem for $3.1bln 01:09

Uber is buying Middle East rival Careem for $3.1bln, giving the ride hailing app a much needed win after it was forced to divest several units due to heavy losses. Julian Satterthwaite reports.

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