Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

5 years ago
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https://www.reuters.com/article/us-careem-m-a-uber/uber-buys-rival-careem-in-3-1-billion-deal-to-dominate-ride-hailing-in-middle-east-idUSKCN1R70IM

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.

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

Mar 26, 2019, 7:15am UTC
https://www.reuters.com/article/us-careem-m-a-uber/uber-buys-rival-careem-in-3-1-billion-deal-to-dominate-ride-hailing-in-middle-east-idUSKCN1R70IM >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.