Uber to acquire Careem to expand in Middle East Region  [ USA ] [ UAE ]

On March 25, Uber and Careem informed that they have reached an agreement for Uber to acquire Careem for USD 3.1 billion, consisting of USD 1.7 billion in convertible notes and USD 1.4 billion in cash. The transaction is expected to close in Q1 2020. Uber will acquire all of Careem’s mobility, delivery, and payments businesses across the greater Middle East region, ranging from Moroc...
<Mar 28, 2019>