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Uber pays $3.1bn for Middle East rival Careem

FT.com Tuesday, 26 March 2019 ()
Ride-hailing company makes acquisition ahead of this year’s initial public offering
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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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