SAN FRANCISCO (Reuters) - Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. The Uber Hub is seen in Redondo Beach, California, U.S., March 25, 2019....
Uber has agreed to purchase Careem, a Middle Eastern ride-hailing, delivery, and payments firm, for $3.1 billion, according to Bloomberg.
Business Insider Intelligence said the agreement marks Uber's..
It's paying $3.1 billion for Careem in a mixture of cash and convertible notes, the companies said in a statement Tuesday. Careem, based in Dubai, was founded in 2012 and has since become the regional..
Uber Technologies Inc. is set to offer over $3 billion to buy Dubai-based rival Careem Networks FZ. The news comes Reuters, who relied on two sources familiar with the deal. Uber will pay $1.4 billion..