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

March 26, 2019 admin Business News Comments Off on Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

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.

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Source:: Reuters – Business News