https://www.mercurynews.com/2019/03/25/uber-reportedly-set-to-pay-3-1b-for-mideast-rival-careem/

With Uber on track to file for a public stock offering as early as April, the ride-hailing giant is reportedly on the verge of making a big acquisition that could stoke investors’ enthusiasm for its upcoming IPO.

Uber is set to soon announce a $3.1 billion deal to acquire Careem, a Dubai-based ride-hailing company that is one of Uber’s biggest rivals in the Middle East. Over the weekend, Bloomberg cited “people with knowledge of the matter” as saying the acquisition could be made official as early as Tuesday.